Yellen Sees Disinflation Pressures at Work as Hiring Surge Fades
- Treasury secretary speaks in interview on sidelines of G-20
- Says hiring cooling, rents subsiding, supply chains loosening
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Treasury Secretary Janet Yellen said a cooling — but not faltering — labor market is playing a key role in helping to slow US inflation, among a raft of factors imposing disinflationary pressures.
“The intensity of hiring demands on the part of firms has subsided,” Yellen said Tuesday in an interview with Bloomberg News. “The labor market’s cooling without there being any real distress associated with it.”