Yellen says inflation is clearly a major problem, it’s what I’m most focused on

  • I don’t think we’re going to have a recession, there is nothing to suggest a recession is coming
  • says she believes there is a path through this to a soft landing
  • oil prices could go higher
  • there’s recession risk of course, I don’t think that it’s the most likely outcome

  • See risks of higher energy and food prices

This from Wednesday US time along the same lines:

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