Janet Yellen

High annual US inflation rates will persist for several more months, through the end of 2021.

“I expect it to last, however, for several more months and to see high annual rates of inflation through the end of this year”

Said on

27 May 2021 · Testimony to a House Appropriations subcommittee as Treasury Secretary; she also called the inflation temporary

Source

Yellen says economic recovery likely to be 'bumpy' · Hawaii Tribune-Herald (AP)

Should come true

2021

How sure they sounded

I expect

Categories

Economy

Importance

3 of 5 · US inflation path mattered to the whole US economy.

Outcome

Accurate Happened 31 December 2021.

CPI inflation stayed high for the rest of 2021, reaching 7.0% year over year in December 2021. The forecast of high annual rates through year-end held, although her accompanying view that the inflation was temporary did not.

Evidence:

• https://www.bls.gov/news.release/archives/cpi_01122022.htm