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Yellen says US unlikely to see 'stagflation'
Yellen says US unlikely to see 'stagflation'
Economy
by  AFP

The United States is not expected to see stagflation, Treasury Secretary Janet Yellen said in an interview broadcast Wednesday, adding that most forecasters expect inflation to cool as housing costs move lower. While it takes time for changes to filter into inflation measures, she stressed that she has "every expectation" housing costs will move down this year, easing price pressures.