Posted 3/13/2024, 3:45:00 PM
Yellen Forecasts Bumpy Road to Taming Inflation, Disproportionately Impacting Low-Income Americans
- Yellen said inflation decline may not be "smooth," expects bumpy path back to normal
- Prices surged in 2021-2022 due to supply chain issues, tight labor market, stimulus cash
- Inflation remains well above Fed 2% target, up 18.49% since January 2021
- High inflation disproportionately affecting low-income Americans
- Yellen dismissed stagflation worries, believes inflation will come down over time
