U.S. Treasury Secretary Janet Yellen expressed confidence in the American economy, dismissing the possibility of a recession and predicting that inflation will reach the Federal Reserve’s 2% target by next year. What Happened: Yellen, in an interview on Monday, stated that she does not see any signs of a U.S. recession. She also expects the Federal Reserve to achieve its 2% inflation target next year, a pace faster than what central bank policymakers have projected, reported Yahoo Finance on Tuesday. “I do expect inflation to come down, and as we get into next year I believe that inflation wil…
