April 13, 2024

Yellen discusses state of the economy, importance of aid for Ukraine

Janet Yellen:

Well, Americans lived through a lot. The pandemic had very significant and lasting impacts, I think, on their lifestyles and attitudes.

Importantly, although inflation has come way down, some prices that are important to so many Americans, like the cost of rent or the cost of electricity, food, they’re higher than — those costs are higher than they were before the pandemic. And now wages are rising more rapidly than prices.

So Americans are getting ahead. But, nevertheless, people remember that prices were lower. And we’re trying to do everything we can to bring down health care costs and other costs that are definite strains on Americans’ budgets.

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