Yellen Says Higher-for-Longer Scenario Is ‘By No Means a Given’
10/04/2023 08:15
Treasury Secretary Janet Yellen said a surprisingly resilient US economy has prompted investors to question what it will take to bring inflation down, but she cast doubt on whether that would force interest rates to stay elevated for a long period.
Updated on
Treasury Secretary Janet Yellen said a surprisingly resilient US economy has prompted investors to question what it will take to bring inflation down, but she cast doubt on whether that would force interest rates to stay elevated for a long period.
“People are trying to figure out exactly what it’s going to take to keep inflation moving down,” Yellen said Tuesday in a moderated discussion at the Fortune CEO Initiative conference in Washington. “And the economic resilience that they see maybe suggest higher for longer, but we’ll see. I think it’s by no means a given.”
Up Next
Yellen Says Higher-for-Longer Scenario Is ‘By No Means a Given’