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U.S. Treasury Secretary Janet Yellen expects the cost of rental housing, the single largest contributor to inflation, to decrease this year. Yellen emphasizes that President Biden's top priority is lowering costs and acknowledges the increase in important goods' prices like rent. She also highlights the need to reduce the deficit and mentions that interest rate assumptions in Biden's budget plan are reasonable.
YELLEN: INTEREST RATE ASSUMPTIONS IN BIDEN BUDGET PLAN WERE 'REASONABLE' AND CONSISTENT WITH A BROAD RANGE OF FORECASTS
🔴 US TREASURY SECRETARY YELLEN: INTEREST RATE ASSUMPTIONS IN THE BIDEN BUDGET PLAN WERE REASONABLE AND CONSISTENT WITH A BROAD RANGE OF FORECASTS.
Sec. Janet Yellen: Biden’s ‘Top Priority Is Addressing the Issue of High Costs that Concern So Many Americans’ Reporter: "If you look at month over month, December, January, and February, it showed an increase in inflation. Is inflation coming back?” Yellen: "Well, look,… https://t.co/7to1nNRTL8
