Fri, Jan 26th, 2024 - 3:27pm
February 24, 2023 - 2:00pm | By Kyle Cornell
(Bengaluru, India) -- Treasury Secretary Janet Yellen says U.S. inflation is coming down but there's still more work to do.
Yellen spoke to reporters Friday on the sidelines of a G20 financial meeting in southern India, and said "Inflation is coming down if you measure it on a 12 month basis," but there was still more work to do to bring it in line with the Federal Reserve's two-percent target.
Yellen also said she believes a "soft landing" without a recession is possible in the U.S. due to a strong labor market and strong balance sheets.
