Yellen Admits Inflation Could Rise Again but for Now It’s ‘Nice’ to See Softer Price Data

Yellen Admits Inflation Could Rise Again but for Now It’s ‘Nice’ to See Softer Price Data
Treasury Secretary Janet Yellen speaks in Dearborn, Mich., on Sept. 8, 2022. Paul Sancya/AP Photo
Tom Ozimek
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Treasury Secretary Janet Yellen said Friday that she’s not sure whether the rate of inflation has hit a peak and won’t accelerate again, apparently seeking to temper expectations after a government report showed inflation printing lower than markets predicted, sending stocks soaring.

“I don’t know if this is a turning point,” Yellen told Reuters in an interview in New Delhi, India, on Nov. 11, a day after the Commerce Department released data showing the annualized rate of U.S. inflation at a lower-than-expected 7.7 percent.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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