Yellen Confident Fed Can Bring Inflation Down to 2 Percent Without Triggering Recession

Fed policymakers ‘certainly don’t want to cause a recession when it’s unnecessary—that’s the balancing act,’ Ms. Yellen said.

Treasury Secretary Janet Yellen speaks at an event on the Biden administration’s economic strategy toward the Indo-Pacific in Washington, on Nov. 2, 2023. Madalina Vasiliu/The Epoch Times

Treasury Secretary Janet Yellen said Monday that she believes that the Federal Reserve’s high interest-rate policy will help bring inflation down to the central bank’s 2 percent target without triggering a recession.

Ms. Yellen made the remarks during an interview with Yahoo Finance on June 24, in which she said she believes inflation will fall to 2 percent “as we get into next year,” adding that economic growth may be cooling, but she doesn’t see grounds for a recession.