Secretary Yellen is saying it out loud: “The cost of living is a problem to a lot of people.” In other words, it’s not just vibes. Prices of essentials matter: “Although wages have gone up significantly … there are substantial increases in prices that are important to people” https://t.co/g6gKAHT4ls

James Pethokoukis ⏩️⤴️@JimPethokoukis

2 years ago

Yellen: “Although wages have gone up significantly, and, at least on average, more than prices have gone up, there are substantial increases in prices that are important to people — and it’s substantial increases in a relatively short period of time that are very noticeable to… https://t.co/sRE60L23ow

“They see it when they shop for food. They see it in terms of rentals. With higher mortgage rates, it’s tough for young people who would like to buy a house to enter the market,” Yellen said in an interview with the ⁦@FT. https://t.co/Truaf7KV44