US Treasury Secretary Janet Yellen explained that the risks of the US economy falling into recession are declining, stressing that "with regard to the prospects of economic recession, my expectation is that these possibilities are declining, given the flexibility of the labor market and the decline in inflation."
"I'm not going to say there are no risks, because the Fed tightens policies, and most likely, we're going to need to cut spending so that we can control inflation."
"The main price index, which excludes food and energy prices, is very high," she said, noting that "inflation has actually fallen a lot, and will continue to decline, partly due to adjustments in the real estate market."
Source (Asharq Al-Awsat Newspaper, Edited)
