Yellen Cautions: Inflation’s Decline Might Not Be Smooth

Treasury Secretary Janet Yellen highlighted the potential for a turbulent decrease in inflation, despite recent signs of persistent price pressures in the U.S. economy. In a FOX Business interview, Yellen addressed stagflation worries, asserting that the battle against inflation is ongoing and has not hit a standstill. Yellen emphasized, “Expect fluctuations, but the overall trend is promising.” She also reiterated President Biden’s commitment to tackling the high costs affecting Americans, signaling that smoothing out inflation remains a top government priority.