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Yellen: We don’t have to get the prices down because wages are going up
"Therefore, on average, Americans are in a better financial position despite the higher price levels," she said.
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Unusual Whales - News · Yellen: we don't have to get prices down because wages are going upDuring her testimony before the Senate Banking Committee on Thursday, Yellen acknowledged that prices for most items are unlikely to revert to pre-inflation crisis levels, which emerged in 2021.
"I don't anticipate prices returning to previous levels. Some prices will remain higher than pre-pandemic levels," Yellen remarked during a heated exchange with Sen. John Kennedy, R-La. "However, wages have seen significant increases, and the rate of price hikes has moderated over the past six months."