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REUTERS/Shelby Tauber U.S. Treasury Secretary Janet Yellen presides over the unveiling of the first U.S. banknotes printed with two women’s signatures at an event in Fort Worth, Texas, U.S., December 8, 2022.
Reuters
11:35 JST, December 12, 2022
U.S. Treasury Secretary Janet Yellen on Sunday forecast a substantial reduction in U.S. inflation in 2023, barring an unexpected shock.
“I believe by the end of next year you will see much lower inflation if there’s not … an unanticipated shock,” she told CBS’ ’60 Minutes’ in an interview released Sunday.
Asked about the likelihood of recession, the former Federal Reserve chair said, “There’s a risk of a recession. But … it certainly isn’t, in my view, something that is necessary to bring inflation down.”
