{"id":939021,"date":"2021-10-29T20:13:41","date_gmt":"2021-10-30T00:13:41","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=939021"},"modified":"2021-10-29T20:13:43","modified_gmt":"2021-10-30T00:13:43","slug":"yellen-inflation-is-temporary-it-will-begin-to-decline-to-more-normal-level-by-the-second-half-of-2022","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/yellen-inflation-is-temporary-it-will-begin-to-decline-to-more-normal-level-by-the-second-half-of-2022\/","title":{"rendered":"Yellen: Inflation Is &#039;Temporary,&#039; It Will &#039;Begin to Decline&#039; to &#039;More Normal Level&#039; &#039;By the Second Half&#039; of 2022"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">38<\/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-inflation-is-temporary-it-will-begin-to-decline-to-more-normal-level-by-the-second-half-of-2022%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=939021&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\/GettyImages-1229892335-640x335-1.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p>During an interview aired on Friday\u2019s broadcast of CNN\u2019s \u201cSituation Room,\u201d Treasury Secretary Janet Yellen said that she still thinks inflation is \u201ctemporary, although, I don\u2019t mean just a matter of a month or two.\u201d And \u201cby the second half of the year, annual inflation rates will begin to decline toward their more normal level of around 2%.\u201d<\/p>\n<p>Yellen said, \u201cI still would say it\u2019s temporary, although, I don\u2019t mean just a matter of a month or two. Although, monthly inflation rates are \u2014 have substantially declined from where they were just four or five months ago. But what we\u2019re really seeing is the impact of the COVID pandemic has severely disrupted economic activity. It\u2019s hugely boosted spending on products, on goods and diminished spending on services. It\u2019s created an enormous demand for semiconductors and these supplies, although they\u2019ve increased, are \u2014 have encountered bottlenecks and it\u2019s really caused some inflationary increase in recent months. As people get back to work, as we defeat the pandemic, and as demand shifts back to services and as supply has a chance to adjust, I believe that price increases will normalize and we\u2019ll see lower monthly inflation rates, I think, by the second half of the year, annual inflation rates will begin to decline toward their more normal level of around 2%.\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>She added that while there will be \u201c<a href=\"https:\/\/www.breitbart.com\/clips\/2021\/10\/29\/yellen-on-inflation-heading-into-holiday-season-there-will-be-some-continued-shortages\/\">some continued shortages<\/a>,\u201d she thinks there will be a moderation of energy prices \u201cin the months ahead.\u201d<\/p>\n<p><em>Follow <\/em><em>Ian&nbsp;Hanchett on Twitter&nbsp;<a class=\"x5l\" href=\"https:\/\/twitter.com\/IanHanchett\" target=\"_blank\" rel=\"noopener external\">@IanHanchett<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>During an interview aired on Friday\u2019s broadcast of CNN\u2019s \u201cSituation Room,\u201d Treasury Secretary Janet Yellen said that she still thinks inflation is \u201ctemporary, although, I don\u2019t mean just a matter &#8230;<\/p>\n","protected":false},"author":33,"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-939021","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\/939021","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\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=939021"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/939021\/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=939021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=939021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=939021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}