Janet Yellen

Many of the pandemic supply-chain bottlenecks will ease during 2022.

“I expect that next year, many of the supply bottlenecks that we're experiencing now in opening up our economy will recede”

Said on

3 November 2021 · Interview with NPR's Morning Edition from COP26 in Glasgow, as Treasury Secretary

Source

Treasury Secretary Janet Yellen says she's confident inflation will ease next year · NPR

Should come true

2022

How sure they sounded

I expect

Categories

Economy

Importance

3 of 5 · Global supply-chain disruption drove US inflation and output in 2021-22.

Outcome

Accurate Happened 31 December 2022.

The New York Fed's Global Supply Chain Pressure Index fell from record highs around the turn of 2022 to roughly a quarter of its peak by December 2022, as shipping costs and delivery times normalized. Many bottlenecks did recede during 2022.

Evidence:

• https://www.newyorkfed.org/research/policy/gscpi