Yellen’s comments come after data published earlier Tuesday showed US consumer prices picked up slightly in November.
US 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.”
