Inflation will fall a lot even if there's no recession next year, Janet Yellen says

Dec 12 2022 by Business Insider

 
Inflation will fall next year even if there's not a recession, Janet Yellen said Sunday.

REUTERS/Jason Reed

Treasury Secretary Janet Yellen expects inflation to decline significantly next year. Sliding shipping costs and gas prices will help rein in price rises, she told CBS on Sunday. Inflation will fall even if the economy doesn't slip into a recession in 2023, Yellen said.

Inflation looks set to slow significantly in the coming year even if there's no recession, as long as the US economy...

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