United States Treasury Secretary Janet Yellen told CNBC in an interview on Thursday that it appears that the Federal Reserve policymakers are expecting the interest rates to "come down further."

"US labor market and inflation [data] suggest we are on a path to a soft landing. There is a bit more slack in the labor market than previously," she commented.

Yellen underlined that while tackling inflation remains the "top priority" for the Biden administration, the figure has fallen "considerably." She concluded by saying that the housing is "the last mile on inflation."