{"id":937692,"date":"2021-10-29T14:28:51","date_gmt":"2021-10-29T18:28:51","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=937692"},"modified":"2021-10-29T14:28:52","modified_gmt":"2021-10-29T18:28:52","slug":"yellen-on-inflation-heading-into-holiday-season-there-will-be-some-continued-shortages","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/yellen-on-inflation-heading-into-holiday-season-there-will-be-some-continued-shortages\/","title":{"rendered":"Yellen on Inflation Heading into Holiday Season: &#039;There Will Be Some Continued Shortages&#039;"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fyellen-on-inflation-heading-into-holiday-season-there-will-be-some-continued-shortages%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=937692&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/10\/ndc3kk-e1499008485129.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p>Friday,&nbsp;Treasury Secretary Janet Yellen advised that \u201cthere will be some continued shortages\u201d heading into the holiday season as a result of inflation.<\/p>\n<p>\u201cCNN Newsroom\u201d anchor Wolf Blitzer asked Yellen if inflation is \u201cgoing to get worse before it gets better.\u201d<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>Yellen predicted energy prices would \u201cbegin to moderate in the months ahead,\u201d and price increases across the board would \u201csubside.\u201d<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>\u201cWell, there will be some continued shortages,\u201d Yellen stated. \u201cSemiconductors are in very short supply. That\u2019s caused the prices of both new and used vehicles to surge. Energy prices have gone up, but I believe energy prices will begin to moderate in the months ahead. That\u2019s what market signals and fundamentals suggest.\u201d<\/p>\n<p>\u201cCompare this with what happened in 2008 after the financial crisis when it took years to get employment back to normal levels,\u201d she added. \u201cThe unemployment rate has declined from a peak of almost 20% now to just 4.8%, and it will fall further in the months ahead. So, prices have increased somewhat. As I say, I believe those price increases will subside, but income growth has been very, very strong. And wages are going up, especially for low-skilled workers in the service sector.\u201d<\/p>\n<p><em>Follow Trent Baker&nbsp;on Twitter&nbsp;<a class=\"x5l\" href=\"http:\/\/twitter.com\/MagnifiTrent\" target=\"_blank\" rel=\"noopener external\">@MagnifiTrent<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Friday,\u00a0Treasury Secretary Janet Yellen advised that \u201cthere will be some continued shortages\u201d heading into the holiday season as a result of inflation. \u201cCNN Newsroom\u201d anchor Wolf Blitzer asked Yellen if &#8230;<\/p>\n","protected":false},"author":23,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-937692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/937692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=937692"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/937692\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=937692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=937692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=937692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}