Treasury Secretary Janet Yellen and Fed Chair Jerome Powell have both expressed their views on inflation. Yellen anticipates inflation falling to near 2% by the end of 2024, citing a consistent pattern of inflation coming down over time. Powell acknowledges that inflation has eased but remains too high, with the progress on bringing it down not assured. He also notes that stronger growth may prolong the time to reach the 2% inflation goal. Both Yellen and Powell emphasize the need for continued efforts to bring inflation down.
🔴 FED'S BOSTIC: THE FED IS IN A GOOD PLACE, WITH A PATHWAY TO FIXING INFLATION WITHOUT MUCH LABOR MARKET PAIN.
🔴 FED'S BOSTIC: MY OUTLOOK IS FOR CONTINUED COOLING IN INFLATION, & LABOR.
🔴 FED'S BOSTIC: I EXPECT INFLATION TO CONTINUE TO COME DOWN SLOWLY AND UNEVENLY.
🔴 FED'S BOSTIC: THERE'S STILL A WAYS TO GO ON INFLATION, EVEN THOUGH THE FED HAS MADE TREMENDOUS PROGRESS.
🔸FED'S BOSTIC: "STILL A WAYS TO GO" ON INFLATION EVEN THOUGH FED HAS MADE TREMENDOUS PROGRESS
🔴 FED'S BOSTIC: IT'S TIME TO BE RESOLUTE, INFLATION STILL HAS A WAYS TO GO
🔴 FED'S BOSTIC: THE RISK OF A NEW INFLATION SPIKE HAS DECLINED SIGNIFICANTLY.
🔴 FED'S BOSTIC: THE US ECONOMY STILL A WAYS FROM THE FED'S 2% INFLATION TARGET, THOUGH PROGRESS HAS BEEN COMING FASTER THAN I EXPECTED.
U.S. Treasury Secretary Janet Yellen believes that #inflation has come down meaningfully but there's still further to go. https://t.co/Wixv8nASHj
Here's why bringing down inflation has been different this time, according to Jerome Powell https://t.co/JvFTDNgxSC
Powell on the last mile of getting inflation down: “We kind of assume it will get harder from here, but so far it hasn’t”
BREAKING: 🇺🇸 US Fed Chair Powell says 'we are pleased with the progress on inflation'
Powell on the last mile of getting inflation down: "we kind of assume it will get harder from here, but so far it hasn't."
"Wages are still running a bit above what is consistent with 2% inflation" -- Powell
🔴 FED'S POWELL: IF WE HAVE STRONGER GROWTH, THAT WILL BE GOOD, BUT WILL MEAN IT TAKES LONGER TO GET INFLATION BACK DOWN.
POWELL: WE ARE PLEASED WITH PROGRESS ON INFLATION
🔴 FED'S POWELL: IT'S REALLY GOOD TO SEE PROGRESS WE ARE MAKING ON INFLATION, WE'RE STILL WELL ABOVE 3% ON CORE PCE THOUGH.
POWELL: #INFLATION HAS EASED BUT STILL TOO HIGH
🔴 FED'S POWELL: WE ARE SEEING STRONG GROWTH THAT APPEARS TO BE MODERATION, AND INFLATION MAKING REAL PROGRESS.
"Inflation has eased from its highs," Fed Chair Powell says. "But inflation is still too high. Ongoing progress in bringing it down is not assured. And the path forward is uncertain." https://t.co/2E0jztDuoY https://t.co/lDIVpz7GLe
Powell says Inflation is still too high https://t.co/DhAkpCIf3z
*POWELL: REMAIN COMMITTED TO BRINGING INFLATION BACK TO 2% GOAL But first 9%
Powell: Inflation is still too high.
🔸FED'S POWELL: WE ANTICIPATE GETTING INFLATION TO 2% WILL TAKE SOME TIME
🔴 FED'S POWELL: WE ANTICIPATE GETTING INFLATION TO 2% WILL TAKE SOME TIME.
🔴 FED'S POWELL: THE LOWER INFLATION READINGS OVER THE LAST SEVERAL MONTHS ARE WELCOME.
*POWELL: INFLATION HAS EASED BUT STILL TOO HIGH
*POWELL: INFLATION HAS EASED BUT STILL TOO HIGH time to cut then
Treasury Secretary Janet Yellen said that she anticipates inflation will fall into a range near 2% by the end of 2024 https://t.co/7CgpWheIwF via @economics
Treasury Secretary Janet Yellen said that she anticipates inflation will fall into a range near 2% by the end of 2024 https://t.co/FBXJ1GBZlV
Treasury Secretary Janet Yellen said that she anticipates inflation will fall into a range near 2% by the end of 2024 https://t.co/fcHjCjd9QN
Treasury Secretary Janet Yellen said that she anticipates inflation will fall into a range near 2% by the end of 2024 https://t.co/nGdbmDvx2M
⚠️ US TREASURY'S YELLEN SEES CONSISTENT PATTERN OF INFLATION COMING DOWN U.S. Treasury Secretary Janet Yellen on Wednesday said she saw a consistent pattern of inflation falling over time and noted turbulence in the job market had really settled down. "Inflation has come down…
🔴 US TREASURY SECRETARY YELLEN: WE ARE LIKELY TO REACH INFLATION IN 2% RANGE AT END OF 2024.
🔴 US TREASURY SECRETARY YELLEN: I SEE A CONSISTENT PATTERN OF INFLATION COMING DOWN OVER TIME.