Treasury Secretary Yellen touts falling prices for TVs, cars and gasoline ...Middle East

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By Matt Egan, CNN New York (CNN) — Treasury Secretary Janet Yellen will highlight in a speech on Wednesday cooling inflation and an economy continuing to defy recession predictions. During an appearance in Boston, Yellen will tout the fact that television prices are down by 28% from their peak, used cars and trucks are 11% cheaper and gasoline is down almost $2 a gallon since June 2022, according to excerpts provided to CNN by the Treasury Department. Yellen will also point to data showing the typical middle-class American household has “more wealth, higher earnings and more purchasing power than before the pandemic.” “This is due to the Biden administration’s policies — beginning

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Last updated : 10 January 2024 clock 07:12 PM

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Treasury Secretary Yellen touts falling prices for TVs, cars and gasoline ...Middle East

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