In an interview with Reuters, Treasury Secretary Janet Yellen asserted that the US economy remains robust, despite data indicating it grew at its slowest pace in almost two years during the previous quarter. Yellen attributed this slowdown to specific reasons that do not raise concerns.
Yellen expressed optimism about inflation, stating that the underlying factors suggest a return to normal levels. She also mentioned that housing inflation is anticipated to moderate throughout the year.
Yellen’s comments reflect her confidence in the strength of the US economy. She emphasized that the fundamentals are aligned with a decline in inflation and that the economy continues to perform well overall.
