An economic downturn cannot be ruled out yet, Janet Yellen has warned US Treasury Secretary Janet Yellen has warned that the economy is still at risk of a recession, while expressing concern over persistently high inflation. In an interview with the CBS show Face the Nation over the weekend, she said it's “appropriate and normal” for growth to be moderate. When asked about a potential recession following the June jobs report, which was the weakest since December 2020 and showed that the US economy was adding fewer jobs than in previous months, Yellen said: “It's not completely off the table.” The US economy added
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