Yellen Says U.S. Economy on Path to Soft Landing

WASHINGTON—Treasury Secretary Janet Yellen said the U.S. economy is on the path toward taming inflation without a deep economic slowdown, achieving a so-called soft landing. 

“To me a soft landing is the economy continues to grow, the labor market remains strong and inflation comes down. And I believe that’s the path we’re on,” Yellen said Tuesday at The Wall Street Journal’s CEO Council Summit.