Treasury Secretary Janet Yellen believes that the US economy is still performing well and is optimistic that inflation will decrease to more typical levels. Despite data showing that the US economy experienced its slowest growth in almost two years last quarter, Yellen attributes this to unusual but not concerning reasons.
In an interview with Reuters, Yellen acknowledged that recent data showed the slowest growth of the US economy. However, she was confident in her statement and emphasized that the underlying factors support the idea that inflation will return to more normal levels in the near future.
Yellen also stated that she anticipates a decrease in housing inflation as the year progresses. She 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 US economy and her expectations for its future trajectory. She is confident in her beliefs about inflation and continues to focus on key economic indicators to ensure a stable future for America’s economy.