Yellen: We Still 'See Increases' in Important Prices, But People Will See We've Improved Economy

On Monday's broadcast of CNBC's "Squawk Box," Treasury Secretary Janet Yellen acknowledged that "Americans still see increases in some important prices, including food, from where we were prior to the pandemic." And responded to poor polling data on the economy by stating that "it's our job to explain to Americans what President Biden has done to improve the economy. I think as inflation comes down, prices stop rising, and the labor market remains strong, Americans will begin to see that we have made meaningful progress."