US Treas Sec Yellen says US inflation is falling, wary of slowing China growth spillover

<p>Remarks from US Treasury Secretary Yellen crossed the news wires. Nothing surprising in her remarks. Take the inflation one with a grain of salt. She is correct that inflation is coming down but the easy gains may have passed. </p><ul><li>
Says inflation is coming down, a very large share of Americans feel
good about their personal situation</li><li>China development,
Russia's war in Ukraine pose uncertainty for global economy</li><li>Says she feels good
about US economy overall</li><li><p>
There remains a risk of recession in the United States</p></li><li><p>US job market very
strong</p></li><li>China's slowing
growth could have spillover to US will have largest impact on Asian
neighbours</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.