Key Words: Yellen expects much lower inflation by end of 2023, says recession isn’t necessary to reduce prices

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‘I believe by the end of next year, you will see much lower inflation, if there’s not an unanticipated shock.’


— U.S. Treasury Secretary Janet Yellen

That line above came from U.S. Treasury Secretary Janet Yellen, during a “60 Minutes” interview that CBS
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aired Sunday night.

Yellen, the former head of the Federal Reserve, also addressed whether Americans need to be worried about a recession hitting in 2023.

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