U.S. Treasury Secretary Janet Yellen expects the cost of rental housing, the single largest contributor to inflation, to decrease this year. Yellen emphasizes that President Biden's top priority is lowering costs and acknowledges the increase in important goods' prices like rent. She also highlights the need to reduce the deficit and mentions that interest rate assumptions in Biden's budget plan are reasonable.
YELLEN: INTEREST RATE ASSUMPTIONS IN BIDEN BUDGET PLAN WERE 'REASONABLE' AND CONSISTENT WITH A BROAD RANGE OF FORECASTS
🔴 US TREASURY SECRETARY YELLEN: INTEREST RATE ASSUMPTIONS IN THE BIDEN BUDGET PLAN WERE REASONABLE AND CONSISTENT WITH A BROAD RANGE OF FORECASTS.
Sec. Janet Yellen: Biden’s ‘Top Priority Is Addressing the Issue of High Costs that Concern So Many Americans’ Reporter: "If you look at month over month, December, January, and February, it showed an increase in inflation. Is inflation coming back?” Yellen: "Well, look,… https://t.co/7to1nNRTL8
Yellen says US unlikely to see ‘stagflation’ https://t.co/SDBlMq90qU
BIDEN'S TREASURY SEC. YELLEN: "Americans are seeing the costs of some goods that are important to them, like rent, having increased..." https://t.co/rGxk7bFxw7
Yellen says expects rents, biggest contributor to inflation, to move down this year https://t.co/J6Owt3rox6 https://t.co/u78vllr3ue
❖ YELLEN: WE NEED TO BRING DOWN THE DEFICIT
Treasury Secretary Janet Yellen said she expects a moderation in the rise of housing costs will help deliver lower inflation in 2024. https://t.co/Y2pRfhbKcl
Biden Treasury Secretary Janet Yellen admits Americans "are seeing the costs of some goods that are important to them, like rent, having increased" under Biden — but insists he's working on it https://t.co/GFhTrQChop
❖ YELLEN: BIDEN'S TOP PRIORITY IS LOWERING COSTS
❖ YELLEN ON INFLATION: THE TREND IS FAVORABLE
⚠️ YELLEN SAYS EXPECTS RENTS, BIGGEST CONTRIBUTOR TO INFLATION, TO MOVE DOWN THIS YEAR Full Story → https://t.co/0T9sNtrQ0l U.S. Treasury Secretary Janet Yellen on Wednesday said she expects the cost of rental housing - the single largest contributor to inflation - to move… https://t.co/NJAdmkXVVm
US Treasury’s Yellen: Expects Single Biggest Contributor To Inflation To Move Lower This Year- @FoxBusiness
❖ YELLEN SAYS SHE HAS EVERY EXPECTATION THAT SINGLE BIGGEST CONTRIBUTOR TO INFLATION WILL BE MOVING DOWN THIS YEAR- FOX BUSINESS INTERVIEW