US Treasury Secretary Janet Yellen spoke with Yahoo Finance Reporter Jennifer Schonberger in an exclusive interview outlining new efforts from the Biden administration as well as deficit spending, taxes, and more.

RSM chief economist Joe Brusuelas and Truist co-chief investment officer and chief market strategist Keith Lerner join Asking For A Trend to give insight into Secretary Yellen's commentary and the economy's improvement as the election nears.

Brusuelas comments on the power of Yellen's rhetoric: "I think that Secretary Yellen is always a very effective spokesperson. Any time she talks, I stop and listen to what she has to say. And I'm in agreement: our forecast in terms of the overall rate of inflation getting back to 2% is the fourth quarter of next year. But we've got disinflation moving through the economy and I think we'll get some more. We'll get some really nice data here at the end of the week, the day after the debate. "

In response to Yellen's comments on inflation, Lerner states, "We think all in all, we're kind of normalizing in the economy back towards a 2% economy and inflation that maybe settles around 2.5%, maybe around three, somewhere in that neighborhood. So we're we're not that far off is the main thing. But the point you just made too is the elections matter, but our work strongly suggests other factors in aggregate actually matter more."

Watch Yahoo Finance's full, exclusive interview with US Secretary of the Treasury Janet Yellen.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Nicholas Jacobino