Despite a weaker-than-expected first-quarter GDP reading, the US economy is “firing on all cylinders” and inflation is on a path toward a more normal level, US Treasury Secretary Janet Yellen said Thursday in an interview with Reuters. Yellen on Thursday was interviewed by Reuters’ editor in chief Alessandra Galloni as part of the news organization’s NEXT Newsmakers series. “The economy is clearly performing very well,” Yellen said. “I certainly don’t see it as overheated.” Earlier on Thursday, the Commerce Department reported that the US economy grew by an annualized rate of 1.6% during the first quarter. The GDP ... (full story)