Treasury Secretary Janet Yellen said Thursday that will 'certainly' come down by next year, but denied the country was entering a recession because the labor market is so 'tight.' 'A full-scale recession is a period when there's excessive unemployment. You don't have a strong labor market,' Yellen said during an appearance at the Atlantic Festival in Washington. 'We have really one of the tightest labor markets right now we've had in American history.'She was asked by the Atlantic's Ron Brownstein if inflation would be in control by the end of next year - or if it could become a theme during the 2024 presidential election.
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