Stevenson discusses state of inflation

November 14, 2022 Bloomberg

Betsey Stevenson, Bloomberg: "I certainly thought what we saw was good news. And it's good news because we're seeing inflation start to slow. And we know we've got a ways to go but, we're seeing things moving in the right direction. The thing that's been really excessive over the last year has been inflation in the stuff we buy, or what economists call durable goods. And it seems like people might've finally gotten their fill of buying stuff like furniture, and we're starting to see prices come down. And what we haven't seen, which is really good news, is we haven't seen inflation in the service sector take off."