US Treasury's Yellen: inflation will continue to ease over time
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US Treasury Secretary Janet Yellen stated that inflation will continue to come down over time, although rent and housing costs are keeping it higher than preferred. Yellen mentioned that factors such as supply issues and labor market tightness have eased, which will help drive down consumer price pressures. Lael Brainard, chair of the White House National Economic Council, noted that several months of data have confirmed that inflation is returning to the Federal Reserve's 2% target. Brainard also highlighted the need for more affordable housing, slower rent increases, and tax credits for first-time homeowners to address the cost of living for Americans.

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https://www.investing.com/news/economy-news/us-treasurys-yellen-inflation-will-continue-to-ease-over-time-3512607 

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