Janet Yellen on Inflation and the U.S. Economy

The Journal.

The Wall Street Journal

Business News, News, Daily News

4.2 • 5.8K Ratings

🗓️ 12 December 2023

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, WSJ’s Chief Economics Correspondent Nick Timiraos sat down with Treasury Secretary Janet Yellen who said inflation is “meaningfully coming down” and the U.S. is on path to achieving a so-called soft landing. Further Reading: - Inflation Edges Lower, But Still Too High for the Fed - How Inflation Can Keep Falling Further Listening: - Inflation Is Down. Unemployment Is Low. Is This a Soft Landing? - Why a Soft Landing for the Economy Could Be Hard Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	High inflation is a problem that the government has been trying to solve for the past couple of years.
0:11.0	The Fed embarked on its fastest monetary policy tightening campaign since the
0:15.6	1980s to tame inflation. President Biden called fighting inflation his top priority.
0:21.3	Today the Labor Department released the latest Consumer Price Index report,
0:27.0	which showed that inflation is finally starting to slow down.
0:31.0	But is the U.S. economy out of the woods?
0:35.7	That was a big question at the Wall Street Journal's annual CEO Council, held this week
0:40.4	in Washington. And this morning, Chief Economics Correspond
0:45.0	Nick Timeros sat down with Treasury Secretary Janet Yellen. They talked
0:49.9	about inflation, the resilience of the U.S. economy, and the future of trade with China.
0:55.0	Welcome to the Journal, our show about money, business, and power.
1:02.0	I'm Jessica Mendoza.
1:03.4	It's Tuesday, December 12th.
1:05.0	Coming up on the show, a conversation with Treasury Secretary Janet Yellen. This episode is brought to you by Oracle.
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	...

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