Yellen's Insights on Inflation, Jobs, and Lending

Treasury Secretary Janet Yellen believes there is a path to bring down inflation while maintaining a strong labor market in the US. She cited factors such as Russia's war in Ukraine and pandemic-era supply chain disruptions as contributors to inflation, but noted that supply chain bottlenecks are beginning to resolve. Yellen also addressed the recent banking sector upheaval, stating that the actions taken by the Treasury, Fed, and FDIC "stemmed the systemic threat that existed." She believes the US economy remains on track for moderate growth and a continued strong labor market with inflation coming down.