Yellen sees solid growth and possible 'soft landing' for US economy

U.S. Treasury Secretary Janet Yellen said she expects solid growth in the coming year, with a possible “soft landing” for the economy as the Federal Reserve moves to bring down inflation.

“I do believe we’re going to see solid growth in the coming year,” Yellen said in an interview at a Wall Street Journal event Wednesday. “The Fed will need to be skillful and also lucky, but I believe it’s a combination that is possible.”

A number of economists have predicted a recession in 2023 as the Fed ramps up interest rates -- including with a half-percentage-point hike anticipated later