Yellen Sees Housing Costs Coming Down, Enabling 2% Inflation
- Treasury chief hopes the US job market will stabilize
- Yellen says dollar intervention could happen in extreme case
Janet Yellen
Photographer: Emily Elconin/BloombergThis article is for subscribers only.
Treasury Secretary Janet Yellen said that inflation is on a path toward the Federal Reserve’s 2% target, and that she hopes the job market will stabilize as policymakers lower interest rates.
Asked Thursday in a CNBC interview whether she viewed US inflation as sufficiently under control, Yellen said “I do.” She said that she anticipates housing costs — the biggest component of cost increases for some time now — to come down, enabling 2% inflation.