Yellen Says US Economy Unlikely To See 'Stagflation'

US Treasury Secretary Janet Yellen expects housing costs will fall this year, easing inflation pressures (Credit: AFP)

The US economy is not expected to see stagflation, Treasury Secretary Janet Yellen said in an interview broadcast Wednesday, adding that most forecasters expect inflation to cool as housing costs move lower.

"In many parts of the country, rental prices for new apartments have actually declined overall," Yellen told Fox Business in an interview.