Yellen Sees ‘Very Helpful Signs’ on US Inflation Front
- Supply-chain problems have ‘significantly’ eased: Yellen
- Expects high rents inflation to fall back in mid-2023
Several measures of inflation have shown encouraging signs in recent weeks.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
US Treasury Secretary Janet Yellen said she’s encouraged by progress on inflation, with energy prices and supply-chain issues easing across the globe even as the US labor market remains strong.
“We’re seeing those supply-chain problems significantly mitigate, inventories are being built, shipping costs have come down,” Yellen told reporters after visiting a community health center in Lusaka, Zambia’s capital. “And so that part of inflation is no longer really contributing very significantly.”