Inflation could be headed back to the Fed’s 2% target

By Viktoria Dendrinou and Christopher Condon
Published 4 Min Read

U.S. Treasury Secretary Janet Yellen speaking into a microphone, the background is blurred.
BloombergU.S. Treasury Secretary Janet Yellen

U.S. Treasury Secretary Janet Yellen said Tuesday she doesn’t believe the “last mile” in returning inflation to the Federal Reserve’s 2% goal will be especially difficult.

Inflation is “certainly meaningfully coming down,” Yellen said Tuesday at a Wall Street Journal CEO Council Summit in Washington, DC. She added that she saw no reason “why inflation shouldn’t gradually decline to levels that are consistent with the Fed’s mandate and targets.”

Viktoria Dendrinou and Christopher Condon

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