Janet Yellen

In the second half of 2022, US inflation will be moving back toward the normal 2% rate.

“Sometime during the second half of the year we'll see inflation rates moving back toward the 2% that we regard as normal.”

Said on

3 November 2021 · Interview with NPR's Morning Edition from COP26 in Glasgow, as Treasury Secretary, speaking about next year (2022)

Source

Treasury Secretary Janet Yellen says she's confident inflation will ease next year · NPR

Should come true

Q4 2022

How sure they sounded

we'll see

Categories

Economy

Importance

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

Outcome

Partly right

CPI inflation peaked at 9.1% in June 2022 and fell to 6.5% by December 2022, so it did start moving back toward 2% in the second half of 2022. But it was far from the near-normal level the remark implied, and it rose sharply first, so this is scored partial.

Evidence:

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