Janet Yellen Admits Things Are About To Get Worse
Treasury Sec. Janet Yellen said that she anticipates the “economy to slow” during a Sunday morning interview on “This Week.”
Host George Stephanopoulos cited a new Wall Street Journal report from Sunday that said economists expect the likelihood of a recession to be 44% within the next year.
“Is that what you expect as well?” Stephanopoulos asked.
“Well, I expect the economy to slow. It’s been growing at a very rapid rate as the labor market has recovered, and we’ve reached full employment, it’s natural now that we expect to transition to...