Treasury Secretary Janet Yellen expressed optimism about the performance of the U.S. economy during an interview with Reuters. Despite slower growth in the last quarter, Yellen emphasized that there were peculiar reasons for this trend but highlighted that they were not concerning.
Yellen also mentioned her expectation for housing inflation to decrease as the year goes on and expressed confidence that inflation will return to more normal levels. She highlighted that the fundamentals are indicating a downward trend in inflation, which suggests that her optimism is well-founded.
Overall, Yellen’s statements reflect her positive outlook on the U.S. economy and her belief that inflation will eventually decrease to more typical levels. Her comments provide valuable insights into the current state of the economy and offer hope for a brighter future ahead.
