U.S. Treasury Secretary Janet Yellen has indicated a cautious optimism regarding the inflation outlook, emphasizing that while the trend is favorable, the path to lower inflation may not be smooth. Fresh CPI numbers reveal a 5.4% annualized increase, marking the fourth consecutive month of rising prices, with inflation expectations also on the rise. Yellen specifically pointed to housing costs, particularly rents, as the single biggest contributor to inflation, but expects these to decline this year. Despite the challenges, Yellen reassures that addressing high costs remains a top priority for the Biden administration, highlighting efforts to moderate housing costs as a key strategy for reducing overall inflation. However, she also warned that the decline in inflation might face obstacles, suggesting a bumpy return to normalcy. Yellen's comments reflect a commitment to tackling inflation, with a particular focus on the housing sector, amid ongoing concerns about the economic outlook.
The US economy is not expected to see stagflation, Treasury Secretary Janet Yellen said in an interview broadcast Wednesday, adding that most forecasters expect inflation to cool as housing costs move lower https://t.co/fvJyeQQ3Lm
The United States is not expected to see stagflation, Treasury Secretary Janet Yellen said in an interview, adding that most forecasters expect inflation to cool as housing costs move lower. https://t.co/nfDHEiqyAw https://t.co/QG1ly2cR1T
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
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: EXPECT HOUSING INFLATION WILL COME DOWN THIS YEAR
🔴 US TREASURY SECRETARY YELLEN: WE EXPECT HOUSING INFLATION WILL COME DOWN THIS YEAR.
❖ YELLEN: BIDEN'S TOP PRIORITY IS LOWERING COSTS
❖ YELLEN ON INFLATION: THE TREND IS FAVORABLE
🔴 US TREASURY SECRETARY YELLEN: THE INFLATION TREND IS FAVORABLE, BUT DON'T EXPECT A SMOOTH PATH.
"Is inflation coming back?" YELLEN: "I wouldn't expect this to be a smooth path, month-to-month, but the trend is clearly favorable!" Prices are up 18.6% under Biden — and inflation has been at or above 3% for 35 straight months. https://t.co/I9UpmtQ82r
⚠️ 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
❖ YELLEN: EXPECTS RENTS, BIGGEST CONTRIBUTOR TO INFLATION, TO MOVE DOWN THIS YEAR
❖ Janet Yellen warns inflation decline might not be 'smooth' Yellen said Wednesday that inflation could face a bumpy return to normal after back-to-back reports showed that price pressures within the U.S. economy rebounded at the start of the year. https://t.co/5ULEwYmVjx
BREAKING: Janet Yellen warns inflation decline might not be 'smooth' https://t.co/ynL9H1xwtX
US Treasury’s Yellen: Expects Single Biggest Contributor To Inflation To Move Lower This Year- @FoxBusiness
🔴 US TREASURY SECRETARY YELLEN: I HAVE EVERY EXPECTATION THAT THE SINGLE BIGGEST CONTRIBUTOR TO INFLATION WILL BE MOVING DOWN THIS YEAR- FOX BUSINESS INTERVIEW
❖ YELLEN SAYS SHE HAS EVERY EXPECTATION THAT SINGLE BIGGEST CONTRIBUTOR TO INFLATION WILL BE MOVING DOWN THIS YEAR- FOX BUSINESS INTERVIEW
Inflation is back. Just when you thought it was safe to go back to the grocery store. Fresh CPI numbers hit an annualized 5.4% -- the 4th month in a row of climbing prices. More ominously, inflation expectations are rising again. Mirroring the 2021 pattern when Bidenflation… https://t.co/ShEBRkthUS