2023-11-20 17:30:00
USA is making “considerable progress” in reducing the inflationwhich is especially notable given that the labor market remains strongthe Treasury Secretary said on Monday, Janet Yellen.
The annual inflation ratemeasured by the Government’s consumer price index, fell to 3.2% in October compared to its 2022 peak of more than 9%, after the Federal Reserve embarked on an aggressive campaign to increase interest rates to cool price pressures.
The president of the FED bank assures that it will take time to return inflation to 2%
While prices are not rising as fast as last year, are still rising and many essential items are still much more expensive than before the pandemic.
“We are achieving considerable progress in reducing inflationbut the Americans They do receive higher prices than they were used to.“Yellen said in an interview on CNBC. “And what is more important, We are achieving this progress in inflation while maintaining a strong economy and labor market. So it’s positive for Americans.”
Translated by Bárbara Briceño.
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