Reported 8 months ago
US Treasury Secretary Janet Yellen discussed various topics in an interview with Yahoo Finance, including housing affordability and inflation. Yellen mentioned that housing costs have been keeping inflation above the Federal Reserve's 2% target, but she expects inflation to come down over the next year. Yellen emphasized the Fed's focus on monitoring inflation data and employment prints before considering any interest rate forecasts, with the aim of preventing an unnecessary recession in the strong US economy.
Source: YAHOO