In an interview with Reuters, Treasury Secretary Janet Yellen expressed confidence in the performance of the U.S. economy, stating that it continues to do very well. She also mentioned that she anticipates inflation levels to decrease to more normal levels in the near future.
Yellen highlighted that the recent data indicating that the U.S. economy grew at a slower pace in the last quarter was due to peculiar reasons, which she deemed as not concerning. Despite this temporary slowdown, she remains optimistic about the overall strength of the economy.
Looking ahead, Yellen expects housing inflation to decrease as the year progresses. She emphasized that the fundamentals of the economy support her belief that inflation will return to normal levels.
Overall, Yellen’s remarks indicate her positive outlook on the U.S. economy and her confidence in its ability to overcome any temporary challenges it may face.