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The Journal.
Janet Yellen on Inflation and the U.S. Economy
Dec 12, 2023
Treasury Secretary Janet Yellen discusses the decrease in inflation, the concept of a soft landing in the economy, the disconnect between perception and reality in the economy, US engagement with China, and the differences between the chair of the Fed and the Treasury Secretary.
20:50
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Quick takeaways
- Inflation in the U.S. is coming down and the economy is on a path to achieving a soft landing.
- Pandemic-induced supply chain disruptions and labor market disruptions have contributed to the rise and fall of inflation.
Deep dives
Inflation is gradually declining
According to the latest Consumer Price Index report, inflation in the U.S. is starting to slow down. The Federal Reserve's monetary policy tightening campaign and supply chain disruptions caused by the pandemic have contributed to the decline in inflation. Treasury Secretary Janet Yellen believes that inflation will continue to decrease gradually, without posing a significant challenge, as the economy operates at full employment and inflation expectations remain well under control.
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Discover
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