Yelling

 

The nation's top treasury official isn't too concerned about a recession — but if it happens, the Federal Reserve will likely be to blame.

Inflation continues to soar, and the Fed's solution is to hike interest rates, intended to tame price growth by slowing economic activity. 

But the central bank has already raised rates five times so far this year, with the last three meetings featuring historically large 0.75% point hikes. This has lawmakers and experts concerned that acting too aggressively on inflation through raising those rates could trigger a recession.

But Treasury Secretary Janet Yellen said she doesn't "see signs of a recession in this economy at this point."

But Yellin is saying what the administration wants her to say. "Inflation was transitory" Best of luck. Just a thought.