by Ian Hanchett
Breitbart.com
During an interview with CNBC released on Monday, Treasury Secretary Janet Yellen responded to a question on whether she is confident that inflation will hit the target rate of 2% by stating that she expects that inflation “will continue to come down over time.” And “we can certainly get into the twos.” Yellen also stated that “we’ve had generally good news on inflation.”
CNBC host Sara Eisen asked, “You’re still confident we can get to 2% this year? We’ve seen a little bit of a flare-up so far this year.”
Yellen responded, “Well, I think it will continue to come down over time. That’s my expectation, and, I’m hopeful that we — we can certainly get into the twos.”
Eisen then asked, “And recovery stays intact with or without Fed rate cuts?”