Treasury Secretary Janet Yellen recently spoke with Reuters, expressing her optimism about the US economy’s performance. Despite slower growth in the last quarter, Yellen stated that there were specific reasons for this trend but emphasized that they were not concerning.
Yellen also expressed her expectation for housing inflation to decrease as the year progresses and expressed confidence that inflation would eventually return to more normal levels. She highlighted that the fundamentals are indicating a downward trend in inflation.
Overall, Yellen’s statements reflect her positive outlook on the US economy and her belief that inflation will eventually decrease to more typical levels.
