Treasury Secretary Janet Yellen believes inflation will be lower in 2023 | 60 Minutes

60 Minutes published this video item, entitled “Treasury Secretary Janet Yellen believes inflation will be lower in 2023 | 60 Minutes” – below is their description.

“I believe inflation will be lower. I am very hopeful that the labor market will remain quite healthy,” Yellen tells Norah O’Donnell. See the interview, Sunday on 60 Minutes.

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About This Source - 60 Minutes

The oldest and most-watched newsmagazine on television gets the real story on America’s most prevalent issues. CBS News correspondents contribute segments to each hour-long episode. Topics range from hard news coverage to politics, lifestyle, pop culture, business, health, and science. The correspondents and contributors include Sharyn Alfonsi, Anderson Cooper, Steve Kroft, Lara Logan, Norah O’Donnell, Scott Pelley, Charlie Rose, Lesley Stahl, Jon Wertheim, Oprah Winfrey and Bill Whitaker.

  • Presented by: Lesley Stahl; Scott Pelley; Bill Whitaker; John Dickerson;
  • Original release: September 24, 1968
  • Genre: News magazine
  • Related shows: 60 Minutes (Australia); 48 Hours; Face the Nation; CBS Overnight News
  • Networks: CBS News, CBS

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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