Inflation & Prices
US Inflation Will Be Much Lower by End of 2023, Yellen Says
- Yellen says she is ‘hopeful’ the labor market will be healthy
- CPI expected to have slowed to 7.3% in November: economists
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US Treasury Secretary Janet Yellen says inflation will be much lower by the end of next year, as long as there are no unanticipated shocks to the economy.
“I believe inflation will be lower,” Yellen said during an interview Sunday on CBS’ “60 Minutes.” “I am very hopeful that the labor market will remain quite healthy so that people can feel good about their finances and their personal economic situation.”