bring inflation down, and i expect them to be successful, the administration for its part is supplementing of things that we can do. we've cut the deficit by a

secretary janet yellen. secretary yellen, welcome back to "meet the press." >> thank you. a pleasure to be with you. >> let me start with you. many businesses are preparing for a recession. should make folks at home prepare for a recession that seems to many likely? >> look, the economy is slowing down. it's -- last year it grew very rapidly at about 5.5%, and that succeeded in putting people back to work who had lost their jobs during the pandemic. the labor market is now extremely strong. even just during the last three months net job gains averaged 375,000. this is not an economy that's in recession, but we're in a period of transition in which growth is slowing, and that's necessary