US Treasury Secretary Yellen: Fundamentals still point to slowing inflation
U.S. Treasury Secretary Janet Yellen said she still sees underlying price pressures fading, even though a tight housing supply has pushed inflation's retreat to a standstill. In an interview Friday in Sedona, Arizona (Sedona), Yellen said, "The fundamentals in my view are: inflation expectations - well contained, and the labor market - strong but not an inflationary significant source of pressure."
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