US Treas Sec Yellen says again that the US will have a recession if debt ceiling is not raised

Never mind this reiteration, the big comment from US Treasury Secretary Yellen was on Monday in the US:

• We do have to be concerned about inflation

That shunted US stocks lower at the close

More from Yellen now:

• says sees inflation pressure diminishing in the second half of next year
• sees monthly CPI around 0.2% to 0.3% in H2 of 2022