Treasury Secretary Janet Yellen expressed her optimism about the U.S. economy, stating that it is still performing well despite recent data showing its slowest growth in almost two years last quarter. In an interview with Reuters, Yellen attributed this to unusual but not concerning reasons.
Yellen also emphasized her expectation for a decrease in housing inflation as the year progresses, attributing it to the underlying factors that support the idea that inflation will return to more normal levels in the near future. Despite the recent data, she remains positive about the overall performance of the U.S. economy and believes any fluctuations in inflation are temporary and will eventually stabilize.
Yellen’s comments provide insight into her perspective on the current state of the U.S. economy and her expectations for its future trajectory, indicating confidence in the economic outlook and a focus on fundamental indicators that support continued growth and stability.