U.S. Treasury Secretary Yellen: Fundamentals Still Point to Slowing Inflation

ChainCatcher news, according to Caixin, U.S. Treasury Secretary Janet Yellen stated that although tight housing supply has stalled the momentum of falling inflation, she still believes that underlying price pressures are easing.

In an interview on Friday in Sedona, Arizona, Yellen said, "In my view, the fundamentals are: inflation expectations—have been well controlled, and the labor market—strong but not a significant source of inflationary pressure."