Treasury Secretary Janet Yellen stated that the U.S. economy is still performing very well and she remains optimistic about inflation returning to normal levels. In an interview with Reuters, Yellen mentioned that although there were some peculiar reasons for the recent data showing slower economic growth, she is not concerned. She also expressed her belief that housing inflation will decrease as the year goes on.
Yellen emphasized that the fundamentals of the economy support her expectation that inflation will return to more typical levels. Despite the slower growth in the last quarter, Yellen remains confident in the overall strength of the U.S. economy. She pointed out that the reasons behind the sluggish growth were not alarming and she sees positive trends for the future. Yellen’s outlook is optimistic regarding both economic performance and inflation rates.