Treasury Secretary Janet Yellen has given a wide-ranging interview to CNBC on the state of the US economy and future challenges for the Administration.

• Per Reuters, Yellen says: "I see a path to bringing down inflation while maintaining strong labor market... Seeing some signs of easing in labor market... We'll continue to see economic progress over the next two years in bringing inflation down."
• Yellen says: "US debt agreement will support fed's efforts to bring inflation down," but stresses "revenue needs to be part of discussion."
• Yellen says: "US banks should be able to handle any strain... level of capital and liquidity in the banking industry is strong... banks are broadly preparing for restructuring and some difficulties," and says it, "would not surprise me to see some bank consolidation."
• On tax, Yellen says she is: "Encouraged to think US will adopt global tax plan in next few years... global minimum corporate tax agreement will stop race to the bottom."
• Yellen warns: "I do think there will be issues with commercial real estate."