US Inflation Will Be Much Lower by End of 2023 Yellen

U.S. Treasury Secretary Janet Yellen on Sunday forecast a substantial reduction in U.S. inflation in 2023, barring an unexpected shock.

'I believe by the end of next year you will see much lower inflation if there's not ... an unanticipated shock,' she told CBS' '60 Minutes' in an interview released Sunday.

Asked about the likelihood of recession, the former Federal Reserve chair said, 'There's a risk of a