Treasury Secretary Janet Yellen expressed confidence on Thursday in the robust performance of the U.S. economy, emphasizing her expectation for inflation to revert to more typical levels.
In an interview with Reuters, Yellen remarked that despite recent data showing the slowest quarterly growth in nearly two years, the U.S. economy remains strong, citing peculiar yet not alarming factors.
Yellen further anticipated a decrease in housing inflation as the year unfolds, reaffirming her belief that the underlying fundamentals support a return to normal inflation levels.
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