Thursday 22 September 2022 09:17 PM Treasury Secretary Janet Yellen says inflation won't come down until NEXT YEAR trends now
Treasury Secretary Janet Yellen says inflation will come down 'certainly' by NEXT YEAR - but denies the US is in a recession because the labor market is so 'tight'
Treasury Secretary Janet Yellen said Thursday that inflation will 'certainly' come down by next year She denied the country was entering a recession because the labor market is so 'tight' 'We have really one of the tightest labor markets right now we've had in American history,' Yellen said onstage at the Atlantic Festival She was asked by the Atlantic's Ron Brownstein if inflation would be in control by the end of next year or would be a theme in the 2024 election 'I believe it's going to come down, certainly next year,' she told Brownstein. 'Let's be clear that there are risks,' she added, pointing to the Ukraine war By Nikki Schwab, Senior U.S. Political Reporter
Published: 21:11 BST, 22 September 2022 | Updated: 21:12 BST, 22 September 2022
Treasury Secretary Janet Yellen said Thursday that inflation will 'certainly' come down by next year, but denied the country was entering a recession because the labor market is so 'tight.'
'A full-scale recession is a period when there's excessive unemployment. You don't have a strong labor market,' Yellen said during an appearance at the Atlantic Festival in Washington. 'We have really one of the tightest labor markets right now we've had in American history.'
She was asked by the Atlantic's Ron Brownstein if inflation would be in control by the end of next year - or if it could become a theme during the 2024 presidential
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