Yellen says US recession not ‘inevitable’ but expects ‘economy to slow’

Treasury secretary says inflation unacceptably high' and it is Biden's top priority to bring it down'

Joe Biden's treasury secretary Janet Yellen says she expects the economy to slow" but continued insisting that a full-blown recession is not at all inevitable".

Yellen's remarks on Sunday came days after the US central bank moved to sharply raise interest rates in an effort to contain soaring inflation.