Yellen: Most People ‘Know that Prices Are Not Likely to Fall’ After ‘Maybe 20%’ Jump from Pre-COVID Levels

Jan 26, 2024 | Political News

During an interview with ABC News on Thursday, Treasury Secretary Janet Yellen said that “most Americans know that prices are not likely to fall.” And that while there have been improvements in consumer sentiment, “apartment rents, food are maybe 20% higher than they were before the pandemic. And I think that’s something that influences sentiment.”

ABC News Washington Correspondent Elizabeth Schulze asked, “How do you convince Americans and voters that those prices might not go back to where they were before the pandemic?”