Treasury Secretary Says Recession in US Not ‘Inevitable’ Despite Grim Poll Numbers

U.S. Treasury Secretary Janet Yellen (C) listens to President Joe Biden during a hybrid meeting with corporate chief executives and members of his cabinet to discuss the looming federal debt limit in the South Court Auditorium in the Eisenhower Executive Office Building in Washington on Oct. 6, 2021. Chip Somodevilla/Getty Images

Treasury Secretary Janet Yellen said Sunday that she believes the U.S. economy will slow down but doesn’t believe a “recession is inevitable.”

“I expect the economy to slow,” Yellen told ABC News’ “This Week.” “It’s been growing at a very rapid rate. … The labor market has recovered, and we have reached full employment.”