On June 13, 2024, U.S. Treasury Secretary Janet Yellen stated that the current labor market does not pose a threat to inflation. She emphasized that wages are not contributing to inflationary pressures and noted that the labor market is beginning to resemble its pre-pandemic state. Yellen highlighted that job creation is occurring at a very rapid pace, although the unemployment rate has increased slightly, indicating a normalization of the labor market. Additionally, she pointed out that a significant portion of the remaining inflation is due to housing costs, which are returning to normal slowly.
Yellen: Wages are not a threat to contribute to inflation https://t.co/WwxtP5rvib
YELLEN: LABOR MARKET DOESN'T LOOK LIKE A THREAT TO INFLATION
YELLEN: WE’RE CREATING JOBS AT A VERY RAPID PACE YELLEN: UNEMPLOYMENT RATE HAS DRIFTED UP A LITTLE BIT, THE LABOR MKT HAS BECOME A LITTLE LESS HOT, A LITTLE MORE NORMAL YELLEN: WAGES ARE NOT A THREAT TO CONTRIBUTE TO INFLATION
⚠️ U.S. TREASURY'S YELLEN: **LABOR MARKET NOW RESEMBLING PRE-PANDEMIC **WAGES ARE NOT A THREAT TO CONTRIBUTE TO INFLATION **A SIGNIFICANT SHARE OF REMAINING INFLATION REPRESENTS HOUSING COSTS RETURNING TO NORMAL SLOWLY
US TREASURY SECRETARY YELLEN: WAGES ARE NOT A THREAT TO CONTRIBUTE TO INFLATION.
US TREASURY SECRETARY YELLEN: THE LABOUR MARKET DOESN'T LOOK LIKE A THREAT TO INFLATION, & WAGES ARE NOT A THREAT TO CONTRIBUTE TO INFLATION.
YELLEN: LABOR MARKET DOESN'T LOOK LIKE A THREAT TO INFLATION
⚠️ U.S. TREASURY'S YELLEN: **WE ARE CREATING JOBS AT A VERY RAPID PACE **UNEMPLOYMENT RATE HAS DRIFTED UP A LITTLE BIT, THE LABOR MARKET HAS BECOME A LITTLE LESS HOT, A LITTLE MORE NORMAL