Paul Krugman sounded an optimistic note on the economy, saying recent news has been increasingly encouraging.
The Nobel Prize-winning economist referred to falling inflation and noted there are no signs of a recession.
"US economic news has been increasingly encouraging: falling inflation, no sign of a recession," the economics professor at the City University of New York said in a Wednesday tweet.
Krugman has been bullish about the US economy, recently saying the nation is in much better shape than people think.
With inflation cooling and the economy still holding up, it's sparked chatter that the US economy could avoid recession.
Persons:
Paul Krugman, —, Krugman, That's, it's
Organizations:
Service, City University of New, May's, Fed
Locations:
City University of New York