In a recent interview with Reuters, Treasury Secretary Janet Yellen expressed her optimism about the performance of the U.S. economy, stating that it is continuing to do very well. Despite data showing slower growth in the economy last quarter, Yellen attributed this to “peculiar but not concerning” reasons.
Yellen also shared her belief that inflation will decrease to more normal levels in the near future. She specifically mentioned that she expects housing inflation to decrease as the year progresses. Overall, Yellen emphasized that the fundamentals of the economy support her outlook for inflation to return to normal levels.
With her positive outlook on the U.S. economy and expectations for inflation to decrease, Yellen remains confident about the overall economic situation. Her comments serve as reassurance in a time of uncertainty and economic fluctuations, providing hope for businesses and individuals alike.