内容导读：JanetYellen,USTreasurySecretary,saidthatwhiletighthousingsupplyhadbroughtinflationbacktoastandstill,sh...……
Janet Yellen, US Treasury Secretary, said that while tight housing supply had brought inflation back to a standstill, she still believed that underlying price pressures were receding.
In an interview on Friday in Sedona, Arizona, Yellen said: "in my opinion, the fundamentals are: inflation expectations-getPokerchipsIt is well controlled, and the labour market is strong but not an important source of inflationary pressures. "
Yellen pointed out that data released on Friday showed that the average hourly wage increased by 0% in April compared with the previous month.Pokerchips.2%.
U.S. Treasury Secretary Yellen is in Washington on April 19, 2024.
Ms. Yellen has been saying for months that housing costs will fall, which will help the so-called lowering of inflation to the last kilometer of the Fed's 2% target. The central bank's focus on basic price pressure indicators has fallen to 2.8 per cent from a peak of 5.6 per cent in early 2022, but recent progress has stalled, leading Fed officials to dampen expectations of when to start cutting interest rates.
Ms Yellen acknowledged that housing inflation had so far progressed more slowly than expected, mainly because of supply problems.
"Housing is a real problem in the United States because of a serious shortage of affordable housing, in part because of high interest rates," she said. "this is one of the most sensitive areas, so new housing construction has not reached the level needed to really ease housing prices."
But she added that housing costs were "highly likely" to fall, based on her interpretation of rental price data for new apartments and single-family homes.
"although the lag is a little longer than I expected, I believe the rate of rise in housing prices will slow down, in line with the new rental market," she said.