EXCERPT:
YELLEN: “Well, I believe it’s going to come down certainly next year, although, let’s be clear, there are risks. The Russian invasion of Ukraine hasn’t come to an end, we’re seeing Putin weaponize oil and gas in fighting this war. So, we remain vulnerable to supply shocks, but I think the Fed is clearly committed to bringing inflation down, and I expect that to be successful —“
BROWNSTEIN: “2023, you think it will be a better year?”
YELLEN: “I think it’ll be bit — I think it’ll be better.”