MNI BRIEF: Treasury Sec. Yellen Sees Inflation Falling Further

U.S. Treasury Secretary Janet Yellen said Tuesday she expects inflation to keep falling even as the economy remains strong.

"Inflation is already coming down in a great deal and I believe is going to came down more, of course there’re risks but for me the outlook is for more of the same," she said at an event sponsored by the American Chamber of Commerce during G20 meetings in Sao Paulo, though she conceded some inflation risks remain.

She was also optimistic that growth will hold up well this year, even if it doesn't match last year's robust clip. "U.S. GDP growth is strong. We also have a strong labor market," she said. (See MNI INTERVIEW: Rising US Productivity Keeps Wages Sustainable)