Treasury Secretary Janet Yellen Says Inflation Is ‘Coming Down’
View Source | February 28, 2023 8:00 am
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- “I would say, ‘So far, so good.’ Obviously there are risks, and the global situation we face is very uncertain,” Yellen remarked, expressing optimism that central bankers can protect the strong labor market and decrease inflation without inducing a recession.
- “There can be shocks from it. But look, inflation still is too high, but generally if you look over the last year, inflation has been coming down. And I know the Fed is committed to continuing the process of bringing it down to more normal levels, and I believe they’ll be successful with it.”
- Inflation was charted at 1.4% when President Joe Biden was inaugurated in January 2021.
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