U.S. Treasury Secretary Janet Yellen expressed confidence Friday the nation's economy could ease into a so-called soft landing, keeping unemployment low while also working to bring down inflation.
Yellen, in an interview with National Public Radio, said she trusted the Federal Reserve to "make the best judgments that they can to accomplish their dual mandate, which is to bring inflation down and to try to maintain a strong labor market. I think there is a path there that makes that possible."
She cited continued improvement in supply chains and lower energy prices in moderating inflation, and said she expects rent indexes to come down "substantially" in the next six months.