Posted 1/10/2024, 3:47:00 PM
Yellen to Address Falling Prices and Strong Economy in Boston Speech
- Prices falling for TVs (28% from peak), used cars (11%), and gasoline ($2 per gallon since June 2022)
- Yellen to highlight cooling inflation and resilient economy in Boston speech
- Will tout typical middle-class household has more wealth, earnings, purchasing power than before pandemic
- Credits Biden policies - Rescue Plan, Infrastructure Law, CHIPS Act, Inflation Reduction Act
- Admits more work needed on inflation, pledges to use "all tools" to lower costs