Biden Treasury Secretary: ‘Nothing To Suggest’ U.S. Will Enter Recession

Despite the U.S. GDP shrinking by 1.4% in the first quarter of 2022, Biden administration Treasury Secretary Janet Yellen says that there is “nothing to suggest” that the United States will enter a recession. “There’s nothing to suggest that there’s a recession in the works,” she said during an interview at The New York Times’ economic forum. “Is there a recession risk? Of course there’s a recession risk,” she added. “But is it likely? I don’t think so.” Yellen’s comments come shortly after she admitted that she had been “wrong” about inflation when she said in 2021 that it was

