Inflation & Prices
Yellen Sees Turnaround of Supply Chains in US Inflation Data
- Soft landing for US economy is possible, Treasury chief says
- Yells expects rent rises to slow substantially in six months
Janet Yellen
Photographer: Ting Shen/BloombergThis article is for subscribers only.
Treasury Secretary Janet Yellen welcomed the most recent US inflation figures, saying some of the most important price pressures over the past two years had begun to decline significantly.
In addition to lower energy prices, “goods prices have actually been falling, and some of the supply chain issues that pushed up the prices of goods and commodities, those have really turned around,” Yellen said in an interview with National Public Radio aired Friday morning.