Janet Yellen

By the end of 2024, US annual inflation will be in the 2-point-something percent range.

“I think when we come to the end of 2024, 2 is certainly, you know, likely to be the first numeral.”

Said on

13 December 2023 · CNBC Squawk on the Street interview with Sara Eisen, as Treasury Secretary, asked when the Fed would reach 2% inflation

Source

CNBC Transcript: Treasury Secretary Janet Yellen Speaks with CNBC's Sara Eisen on Squawk on the Street · CNBC

Should come true

Dec 2024

How sure they sounded

I think ... certainly ... likely

Categories

Economy

Importance

3 of 5 · US inflation path matters to the national economy.

Outcome

Accurate Happened 31 December 2024.

In December 2024, CPI inflation was 2.9% year over year and PCE inflation (the Fed's target measure) was 2.6%. On either measure, 2 was the first numeral.

Evidence:

• https://www.bls.gov/news.release/archives/cpi_01152025.htm
• https://www.bea.gov/news/2025/personal-income-and-outlays-december-2024