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Today: January 15, 2025
Today: January 15, 2025

Yellen says believes US housing inflation will still fall over time

FILE PHOTO: Global infrastructure and investment forum in New York
April 26, 2024
Reuters - Reuters

MARRAKECH, Morocco (Reuters) - U.S. Treasury Secretary Janet Yellen told Reuters on Friday that she still believes U.S. shelter inflation will continue to ease despite new consumer price data on Thursday showing a jump in housing costs.

"We do definitely believe that's coming down over time," Yellen said in an interview on the sidelines of the International Monetary Fund and World Bank meetings in Morocco.

(Reporting by David Lawder)

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