Treasury Secretary Janet Yellen said on Sunday that she expects the U.S. economy to “slow” but doubled down on her insistence that a full-blown recession is not “at all inevitable,” despite concerns that the Federal Reserve’s aggressive interest rate hikes could spark an economic downturn.
“I expect the economy to slow,” Yellen said in an interview with ABC’s “This Week.” “It’s been growing at a very rapid rate, as the economy, as the labor market, has recovered and we have reached full employment. It’s natural now that we expect a transition to steady and stable growth, but I don’t think a recession is at all inevitable.”…