Yellen Forecasts 'Very Good' 2024 Economy Despite Lingering Inflation
• Treasury Secretary Janet Yellen forecasts a "very good economic year" in 2024 based on strong consumer spending and business investment
• Yellen sees no signs of impending recession and notes improving consumer sentiment about finances
• The economy grew faster than expected in Q4 2022, capping a year of robust growth defying expectations
• While inflation is declining from its peak, Yellen says prices are unlikely to return to pre-pandemic levels
• Yellen contrasts economic opportunity today versus when she was young, saying more must be done to restore the American dream