Treasury Secretary DENIES economic recession but admits a 'slowdown'

Treasury Secretary Janet Yellen conceded that the economy is 'slowing down' on Friday amid fears of a looming financial downturn - but denied the country was in the midst of a recession.

She also defended the slowdown as 'necessary' in the longterm health of the economy.

The senior Biden official was asked on NBC News' Meet The Press whether Americans should be 'preparing' for a recession.

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