Treasury Secretary Janet Yellen recently spoke with Reuters about the performance of the U.S. economy and her expectations for inflation levels in the near future. Yellen expressed confidence that the economy continues to do very well, despite recent data showing that it grew at a slower pace in the last quarter. She attributed this temporary slowdown to peculiar reasons, which she deemed as not concerning.
Looking ahead, Yellen expects housing inflation to decrease as the year progresses. She emphasized that the fundamentals of the economy support her belief that inflation will return to normal levels. Despite her optimism, Yellen acknowledged that there may be temporary challenges that the economy may face in the future.
In summary, Yellen’s remarks indicate her positive outlook on the U.S. economy and her confidence in its ability to overcome any temporary challenges it may face.
