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US Treasury Secretary Janet Yellen walks back transitory inflation claims: 'I regret saying it'
As Americans have continued to sound off over sticker shock on retail and grocery shelves, the U.S. Treasury secretary admitted Wednesday that her public predictions were wrong. "I regret saying ...
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Yellen says U.S. could’ve kept inflation stable — if it threw up to 15 million people out of work
Yellen said the unemployment rate would have had to risen to between 10% and 14% — meaning an additional 9 million to 15 million people out of work — to have kept inflation at 2% throughout ...
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Yellen: COVID stimulus may have contributed a little bit to higher inflation
"I think an important factor in the inflation was that these shortages started pushing up prices a great deal." Yellen noted that currently, the CPI rate is a little bit above 2%. "We haven't seen ...
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Janet Yellen: Covid stimulus may have contributed 'a little bit' to inflation
Treasury Secretary Janet Yellen said that Biden-era stimulus spending may have contributed "a little bit" to the country's subsequent inflation woes. But the widespread rise in prices was mostly ...
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Yellen says U.S. could've kept inflation stable - if it threw up to 15 million people out of work
Yellen said the unemployment rate would have had to risen to between 10% and 14% - meaning an additional 9 million to 15 million people out of work - to have kept inflation at 2% throughout 2021 ...