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Yellen: Inflation? ‘Expect That to End’ in Second Half of 2022

October 25, 2021

Treasury Secretary Janet Yellen continues to insist that price inflation — food, fuel, and all the rest — is temporary:

“Americans haven’t seen inflation like we have experienced recently in a long time. But as we get back to normal, expect that to end,” Yellen told CNN’s “State of the Union” on Sunday. She said she expects “improvement” by the “second half of next year.”

According to Yellen:

The COVID crisis markedly diminished spending on services and caused a reallocation of spending toward goods. And the supply of goods to Americans has increased substantially, but there’s still pressure there.

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