Yellen says the economy is not in a recession despite GDP slump

Treasury Secretary Janet Yellen said Thursday the U.S. economy is in a state of transition, not recession, despite two consecutive quarters of negative growth. Recession, Yellen insisted, is a “...

Watch Treasury Secretary Janet Yellen speak live on the global financial system

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Treasury Secretary Janet Yellen testifies Wednesday before the House Financial Ser...