US Secretary of the Treasury Janet Yellen sat down with Yahoo Finance Senior Reporter Jennifer Schonberger for an exclusive interview on Monday, June 24...
"One of the pieces that has been keeping inflation above the Fed's target is housing costs. The prices rental prices for new apartments have stabilized and, in many parts of the country, come down," Yellen states."But people who have existing contracts really only see changes in their rental prices when their contracts renew."
We've gotten some better readings here in the second quarter, namely that cooler May CPIR and we've got another inflation reading coming on Friday. But people who have existing contracts really only see changes in their rental prices when their contracts renew.Uh people who have existing rental contracts see current costs fully priced in and that's been holding um housing cost increases above normal levels.
Um, once you have an economy with a, an unemployment rate that's 4% or below, which is what we've had for, you know, well, over, uh, a year or two years, I mean, this is a 50 year, a record in terms of the strength of the labor market, you expect somewhat slower growth in the economy.Eric Trump's 'Unvarnished' Claim About Dad Gets Brutal Instant Fact Check“You come on my show, you respect my colleagues.
A Russian soldier's killing of a wounded comrade highlights the 'brutal culture' rampant inside Russia's military, war analysts say
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