Janet Yellen

US inflation will get back to the roughly 2% range during 2022.

“Well, I expect that to happen next year.”

Said on

24 October 2021 · CNN State of the Union with Jake Tapper, answering "When do you expect the inflation to get back to the 2 percent range... 2022? 2023?"

Source

State of the Union transcript, October 24, 2021 · CNN

Should come true

2022

How sure they sounded

I expect

Categories

Economy

Importance

3 of 5 · The path of US inflation shaped policy and household finances nationwide.

Outcome

Inaccurate

Inflation did not get back to the 2% range in 2022. CPI peaked at 9.1% year over year in June 2022 and was still 6.5% in December 2022. It did not approach 2-3% until mid-2023 and later, and only in a weaker sense.

Evidence:

• https://www.bls.gov/news.release/archives/cpi_01122023.htm