US Treasury Secretary Janet Yellen reported that the US economy continues to grow with a historically strong labor market despite lower inflation. This growth includes the strongest inflation-adjusted wage growth in over 50 years, as well as a significant decline in inflation, which has dropped by two-thirds from its peak. Yellen also noted that prices of gasoline, eggs, cars, and trucks have declined, contributing to the overall return of inflation to normal levels. Additionally, there's a positive shift in public sentiment as Americans start to feel better about the economy, with good jobs being created across the United States.
⚠️ JUST IN: *YELLEN: AMERICANS ARE STARTING TO FEEL BETTER ABOUT THE ECONOMY *YELLEN: GOOD JOBS ARE BEING CREATED ALL OVER THE UNITED STATES DO YOU AGREE? 🇺🇸🇺🇸 https://t.co/8rLNS24o79
YELLEN: AMERICANS ARE STARTING TO FEEL BETTER ABOUT THE ECONOMY Americans: https://t.co/KaDRjdWCmz
❖ YELLEN: AMERICANS ARE STARTING TO FEEL BETTER ABOUT THE ECONOMY ❖ YELLEN: WE KNOW THERE'S MORE WORK TO DO, BUT GOOD JOBS ARE BEING CREATED ALL OVER THE UNITED STATES
🔴 US TREASURY SECRETARY YELLEN: AMERICANS ARE STARTING TO FEEL BETTER ABOUT THE ECONOMY.
🔴 US TREASURY SECRETARY YELLEN: PRICES OF GASOLINE, EGGS, CARS AND TRUCKS HAVE DECLINED, AND INFLATION OVERALL IS COMING BACK DOWN TO NORMAL LEVELS.
❖ YELLEN: PRICES OF GASOLINE, EGGS, CARS AND TRUCKS HAVE DECLINED AND INFLATION OVERALL IS COMING BACK DOWN TO NORMAL LEVELS
Today we learned that wage growth has been the strongest of any economic recovery in 50 years. We know there’s still work to do to lower costs, but inflation has declined by two-thirds from its peak, and growth and employment remain strong.
🔴 US TREASURY SECRETARY YELLEN: US ECONOMY CONTINUES TO GROW WITH HISTORICALLY STRONG LABOR MARKET DESPITE LOWER INFLATION.
With recent revisions and today’s report, we can now say that we have seen the strongest inflation-adjusted wage growth of any business cycle in over 50 years. https://t.co/alAk8Hfd7U