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Yellen expects economic slowdown, but not a recession

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Treasury Secretary Janet Yellen expects a slowdown in the U-S economy, but is not forecasting a recession. With 40-year-high inflation and rising interest rates, Yellen said she anticipates the economy will slow. But she told ABC’s “This Week” that a recession is not inevitable. Yellen also expressed an openness to a federal gas tax holiday to help give motorists some relief at the pump. Scrapping that tax would save drivers about 18 cents per gallon.

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Michael Ramirez
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