'There's a risk of a recession,' she told '60 Minutes.'
Treasury Secretary Janet Yellen during her "60 Minutes" interview, broadcast Sunday. Photo: CBS/"60 Minutes."expects to see a reduction in inflation in the U.S. in 2023, according to her interview with CBS' "60 Minutes" that broadcast Sunday.
I believe by the end of next year you will see much lower inflation if there's not an unanticipated shock," YellenAsked if families should be worried about a recession in 2023, Yellen said: "There's a risk of a recession. But it certainly isn't, in my view, something that is necessary to bring inflation down."
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