This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Treasury Secretary Janet Yellen: High inflation should fall in middle of 2022
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Trending > Treasury Secretary Janet Yellen: High inflation should fall in middle of 2022
Trending

Treasury Secretary Janet Yellen: High inflation should fall in middle of 2022

Editorial Board Published October 24, 2021
Share
Treasury Secretary Janet Yellen: High inflation should fall in middle of 2022
SHARE

Treasury Secretary Janet Yellen says the high inflation in consumer prices that is stretching pocketbooks thin will spill over into 2022 before slowing down the second half of next year.

Ms. Yellen said Sunday that monthly rates of inflation have already fallen this year, but added that the “inflation rate will remain high into next year because of what has already happened.” 

“But I expect improvement by the middle to end of next year,” she said on CNN’s “State of the Union.”

As the economy recovers from the coronavirus pandemic, rising prices on everything from gas to groceries to used cars are hitting households hard across the country.

Experts say the inflation is the byproduct of supply chain issues and a demand from the pandemic.

The situation is creating headaches for President Biden and elected leaders as they look for ways to ease the financial burden and assure voters things are going to get better.

Former Treasury Secretary Larry Summers sounded the alarm last week, saying that monetary policy makers in the United States and across the globe are too focused on social agendas.

“We have a generation of central bankers who are defining themselves by their wokeness,” Mr. Summers said, according to Bloomberg News. “We’re in more danger than we’ve been during my career of losing control of inflation in the U.S.”

On Sunday, Ms. Yellen disagreed.

“I think he is wrong,” she said. “I don’t think we are about to lose control of inflation.”

“I agree, of course, we are going through a period of inflation that’s higher than Americans have seen in a long time, and it is something that is obviously a concern and worrying them, but we haven’t lost control,” she said.

Sign up for Daily Newsletters

TAGGED:TrendingWall Street Publication
Share This Article
Twitter Email Copy Link Print
Previous Article Covid-19 Sets Back China’s Plans to Rebalance Its Economy Covid-19 Sets Back China’s Plans to Rebalance Its Economy
Next Article Millions of Workers Stay Home to Watch Young Children as Daycares Stay Dark Millions of Workers Stay Home to Watch Young Children as Daycares Stay Dark

Editor's Pick

Pleasure parade cancelled after being halted by pro-Palestinian protesters

Pleasure parade cancelled after being halted by pro-Palestinian protesters

Ottawa’s annual Pleasure parade was cancelled on Sunday after it was halted by a native pro-Palestinian advocacy group that blocked the…

By Editorial Board 5 Min Read
If You Like Encompass Sound, the Sonos Period 300 Is 20 P.c Off Proper Now
If You Like Encompass Sound, the Sonos Period 300 Is 20 P.c Off Proper Now

Trying to improve your Sonos setup? The Sonos Period 300 (9/10, WIRED…

3 Min Read
I Turned My Yard Right into a Nature Documentary With a Flock of Sensible Hen Feeders
I Turned My Yard Right into a Nature Documentary With a Flock of Sensible Hen Feeders

It additionally comes with further plastic flowers and just a little brush…

33 Min Read

Oponion

How to Boost the Price of Your Tesla? Drive It Off the Lot

How to Boost the Price of Your Tesla? Drive It Off the Lot

The Tesla Pimp has never seen such demand. Ali Heniche…

February 4, 2022

Trump envoy confirms that Hamas has agreed to launch the final residing US hostage in Gaza

By Wafaa Shurafa, Zeke Miller and…

May 17, 2025

Jill Biden will get the priciest reward from a overseas chief in 2023 — a $20,000 diamond

By MATTHEW LEE, AP Diplomatic AuthorWASHINGTON…

January 2, 2025

The perfect hair ties for exercises, day by day put on and extra

Which hair ties are finest? From…

January 28, 2025

Taylor Swift Followers Predict Pop Icon Will Drag Blake Energetic, Reward Elizabeth Taylor on New Album

Studying Time: 3 minutes As you’ve…

August 14, 2025

You Might Also Like

Gregory Hatanaka Teases His Biggest Films Yet with No Regrets and The Shout
EntertainmentTrending

Gregory Hatanaka Teases His Biggest Films Yet with No Regrets and The Shout

If you know indie cinema, you know Gregory Hatanaka. The veteran director, producer, and distributor has spent decades zigzagging through…

6 Min Read
Okay So I Clicked on “Castle” at 2AM and Things Got Weird
Trending

Okay So I Clicked on “Castle” at 2AM and Things Got Weird

Princess. Dragon. Kingdom. Knight. Wait what? So I'm on this website called Embeddings.fyi at like 2 in the morning because…

6 Min Read
Best YTT Yoga School a Journey from Student to Teacher: Transformative Yoga Retreats in Asia
LifestyleTrending

Best YTT Yoga School a Journey from Student to Teacher: Transformative Yoga Retreats in Asia

In recent years, Bali has become a global epicenter for yoga education, attracting aspiring teachers and seekers from every corner…

7 Min Read
Inside the Blueprint: How a Ground-Breaking CCUS Review Is Shaping the Race to Net Zero
Trending

Inside the Blueprint: How a Ground-Breaking CCUS Review Is Shaping the Race to Net Zero

Author, Jean Chantel The 2024 review article “Carbon Capture, Utilization and Storage (CCUS) Technologies: Evaluating the Effectiveness of Advanced CCUS…

6 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?