Janet Yellen to Yahoo Finance: 'I don't see the basis for a recession'

Treasury Secretary Janet Yellen told Yahoo Finance that she does "not see the basis" for a US recession, and that she expects the Federal Reserve will hit its 2% inflation target next year — a faster pace than projected by central bank policy makers.

Yellen on Monday announced some measures designed to help with high housing costs, including $100 million via a new fund over the next three years to support affordable housing financing. She was critical of a tax cuts passed during the administration of Donald Trump that lowered the corporate rate from 35% to 21%, saying that decision added to the deficit and "promised an investment boom that didn’t materialize."The Congressional Budget Office said last week that the federal budget deficit will reach an estimated $1.9 trillion in fiscal year 2024, up from the $1.5 trillion estimate released just four months ago.

If things stay that way while the US engages in deficit reduction "I think we will be on a fiscally sustainable course."Eric Trump's 'Unvarnished' Claim About Dad Gets Brutal Instant Fact Check“You come on my show, you respect my colleagues. Period,” Hunt later wrote on social media about literally silencing Karoline Leavitt on “This Morning.

A Russian soldier's killing of a wounded comrade highlights the 'brutal culture' rampant inside Russia's military, war analysts say

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