US Treasury Sec. Yellen Sees No Signs of Credit Crunch

The transcript discusses the current state of lending in the context of recent banking stress. It questions whether there is evidence of a credit crunch and its potential impact on the economy. The speaker does not see evidence of a credit contraction but acknowledges the possibility. They express confidence in the strength and resilience of the US banking system, highlighting solid capital, liquidity, and strong economic performance, including job creation and consumer spending. While not anticipating an economic downturn, the speaker notes it remains a risk.

How is the US economy performing in terms of job creation and inflation?

What risks are associated with the current economic outlook?