She also said there's “a little bit more slack” now in the US job market."
Unemployment remains at a historically low level, she said.
The shock replacement of the Democratic presidential candidate has introduced new uncertainty.
Medicare's hospital insurance trust fund's viability improves, adding five years.
The Treasury secretary said the her rate projections reflect "current market realities."
Property owners have come under pressure due to soaring borrowing costs, raising concerns about defaults.
The former Treasury Secretary estimated that about 60% of the increase in debt from 2000 to 2022 came from tax cuts.
Seeing some easing in the labor market is “important and a good thing,” she said.
Her remarks contrasted with rising recession concerns across the Atlantic.
There was a slide in tax revenues for the month that annual household filings are due.
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