Janet Yellen: "There's nothing to suggest that a recession is in the works (2022)

I don't think we're (going to) have a recession.  Consumer spending is very strong.  Investment spending is solid...  I know people are very upset and rightly so about inflation, but there's nothing to suggest that a... recession is in the works.

[...]

I believe there is a path through this that entails a soft landing...  Is there a recession risk?  Of course there's a recession risk.  But is it likely?  I don't think so.

~ Treasury Secretary Janet Yellen, New York Times Dealbook event, June 9, 2022