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Treasury Secretary Janet Yellen said that by the end of this year, monthly price changes will be running at a level consistent with the Federal Reserveâs target, even if year-over-year numbers continue to show uncomfortably high inflation.
Treasury Secretary Janet Yellen said inflation as measured on an annual basis will be elevated âfor some time,â but will be lower later this year.
Bloomberg News
Inflation as measured on an annual basis will be elevated âfor some time,â Yellen told reporters in Atlanta Wednesday following several local meetings and events. âBut my expectation is that by the end of the year that monthly rates will come down to a pace consistent with the Fedâs interpretation of price stability.â