U.S. Treasury Secretary Janet Yellen recognizes rising living costs, particularly in housing and goods, as a problem for Americans, amid increasing inflation concerns.
U.S. Treasury Secretary Janet Yellen acknowledged rising living costs as a significant problem for many Americans, citing high prices for housing and everyday goods. Despite recent wage growth, mortgage rates have made it difficult for young people to enter the housing market. Yellen's comments come amid increasing inflation concerns, with the U.S. CPI increasing 3.4% in the 12 months through April.
May 24, 2024
4 Articles