Yellen Says Fundamentals Still Point to Slowing Inflation
- Housing supply a ‘real problem’ but sees rent hikes moderating
- Labor market not a significant pressure, Treasury chief says
Janet Yellen
Photographer: Yuri Gripas/Sipa/Bloomberg
This article is for subscribers only.
US Treasury Secretary Janet Yellen said she still sees underlying price pressures receding even as a tight housing supply has helped stall the downward path of inflation.
“To me the fundamentals are: inflation expectations — they’re well under control, and the labor market — strong but not a significant source of inflationary pressure,” Yellen said Friday in an interview with Bloomberg News in Sedona, Arizona.