U.S. Treasury Secretary Janet Yellen, speaking to @FoxBusiness, has indicated a positive outlook on inflation, stating "Inflation is transient" and expects the single biggest contributor to inflation, rental housing costs, to decrease this year. Yellen's comments suggest a favorable trend in inflation, with a specific focus on the moderation of rising housing costs as a key factor in achieving lower inflation rates in 2024. These statements come amid broader discussions on the economic challenges facing Americans, including increased costs in critical areas such as rent, but Yellen insists the administration is "working on it" and is optimistic about not facing 'stagflation'.
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 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
"Inflation is transient" https://t.co/OB26lFMA1L