What did Janet Yellen say about inflation on 10/24/21, on 6/23/2021 and on 9/28/2021?
10/24/2021 Treasury Secretary Janet Yellen: Expect inflation to improve by ‘the middle to end’ of 2022. Treasury Secretary Janet Yellen said she expects inflation to ease by “the middle to end of next year.” “On a 12-month basis, the inflation rate will remain high into next year because of what’s already happened. But I expect improvement by the middle to end of next year – second half of next year,” Yellen said.
Yellen said spending in President Joe Biden’s domestic infrastructure and Build Back Better packages would be allocated over the next 10 years, but she did not say whether that would exacerbate inflation. Yellen was also asked to respond to what former President Barack Obama’s Treasury Secretary Larry Summers had to say about inflation. Yellen said she believed Summers is “wrong.” “I don’t think we’re about to lose control of inflation,” Yellen said.
On 6/23/2021, asked by Republican Senator John Kennedy if she thought inflation would keep increasing at the 5% year-over-year rate seen last month, Yellen said she thought it would be closer to 2% by late this year or early 2022.
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What did Janet Yellen say about inflation on 10/24/21, on 6/23/2021 and on 9/28/2021?