Treasury Secretary Janet Yellen recently spoke with Reuters and expressed her confidence in the performance of the U.S. economy. She stated that despite a temporary slowdown in growth, she remains optimistic about the overall strength of the economy.
Yellen explained that the recent data indicating slower growth in the last quarter was due to unique circumstances, which she deemed not concerning. She expects housing inflation to decrease as the year progresses, and believes that the fundamentals of the economy support this belief.
Looking ahead, Yellen is confident that inflation levels will return to more normal levels in the near future. Her remarks indicate her positive outlook on the U.S. economy and her belief in its ability to overcome any temporary challenges it may face.
