Yellen calms down inflation agitations

By Agence France-Presse

Jun 11, 2022 12:14 am

NEW YORK: The United States is unlikely to suffer an economic downturn despite sky-high inflation, US Treasury Secretary Janet Yellen said on Thursday (Friday in Manila).

'There's nothing to suggest that there's a recession in the works,' she said during an interview at The New York Times' economic forum.

INFLATION ANXIETY A customer shops for produce at a Cardenas Market on Wednesday, June 8, 2022 in San Rafael, California. The US Labor Department will report May’s inflation numbers this Friday (Saturday in Manila) after reporting a rate of 8.3 percent in April of this year. AFP PHOTO

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