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Bloomberg Surveillance

Bloomberg Surveillance: Adewale Adeyemo on Inflation

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 27 January 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

US Deputy Treasury Secretary Wally Adeyemo says the administration is not declaring victory over inflation and it knows there is more work to do when it comes to the economy. He says President Joe Biden continues to make progress on putting money back in the pockets of Americans. Adeyemo spoke with Bloomberg's Lisa Abramowicz, Jonathan Ferro, and Annmarie Hordern from the White House.

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Transcript

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0:48.8

Appearing to declare victory on inflation. We have seen some turnaround in sentiment in recent months. The

0:58.3

University of Michigan Consumer Sentiment Index has moved up quite a lot.

1:05.0

Inflation is now near term at close to the lowest levels we've seen in that survey.

1:16.0

So I think Americans do believe inflation is under control.

1:21.0

Secretary Yellen making the case for a soft landing as fourth quarter GDP tops estimates and

1:25.7

inflation continues to call.

1:27.7

I'm pleased to say, joining us on this program exclusively, the U.S. Deputy Treasury Treasury

1:31.8

Secretary Wally Adiyemo. Deputy Treasury Secretary, Treasury Secretary, wonderful to catch up with you again, sir,

...

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