© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen makes a speech about basically the most contemporary and future inform of the U.S. and world economy at the Atlantic Council in Washington, U.S., April 13, 2022. REUTERS/Leah Millis/File Checklist

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday acknowledged the U.S. economy changed into proving “very resilient” in the face of a chain of shocks, and she or he did now no longer foresee it tipping into recession.

“I create now no longer seek info from a recession,” Yellen advised CNBC.

She acknowledged inflation might well neutral possess peaked in the United States, but cautioned that prices might well neutral stay elevated “for a whereas longer.”