Treasury Secretary Janet Yellen Remains Optimistic about U.S. Economy, Predicts Decrease in Housing Inflation

Treasury Secretary Janet Yellen stated that the U.S. economy is still performing well and she remains optimistic that inflation will decrease to more typical levels. In an interview with Reuters, Yellen acknowledged that data released earlier in the day showed that the U.S. economy experienced its slowest growth in almost two years last quarter, but she attributed this to reasons that were unusual but not concerning. Despite this, Yellen emphasized that the underlying factors support the idea that inflation will return to more normal levels in the near future.

Yellen also mentioned that she anticipates a decrease in housing inflation as the year progresses. She believes that these indicators suggest a stabilization of inflation and provide insight into her perspective on the current state of the U.S. economy.

Yellen is confident in her economic outlook and believes that any fluctuations in inflation are temporary and will eventually stabilize. She is focused on fundamental indicators and remains reassured that the economy is on a solid path towards growth and stability.

Overall, Yellen’s comments provide insight into her perspective on the current state of the U.S. economy and her expectations for its future trajectory.