Treasury Secretary Janet Yellen discusses the February CPI and rising inflation, stating that the trend is favorable despite monthly fluctuations. President Biden's priority is addressing high costs.
During an interview with the Fox Business Network on Wednesday, Treasury Secretary Janet Yellen reacted to the February CPI and rises in inflation over the past three months by stating that she doesn’t “expect this to be a smooth path month to month, but the trend is clearly favorable.
” Fox Business White House Correspondent Edward Lawrence asked, “So, we just got a CPI inflation report out, and it showed that it was hotter than expected, but if you go back and look at month over month, December, January, and February, it showed an increase of inflation. Is inflation coming back?” Yellen responded, “Well, look, inflation is down almost two-thirds from the high it reached in 2022, and the trend is clearly a favorable one. I wouldn’t look at — expect this to be a smooth path month to month, but the trend is clearly favorable. That said, President Biden’s top priority is addressing the issue of high costs that concern so many Americans
Treasury Secretary Janet Yellen Inflation CPI Rising Inflation Favorable Trend High Costs President Biden
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