Yellen Thinks Inflation Will Be Short-Term

"An annual inflation rate of 8 percent is unacceptable for the United States," said US Treasury Secretary Janet Yellen, speaking to the House Revenue Committee.

Yellen Thinks Inflation Will Be Short-Term. US Treasury Secretary Janet Yellen, who attended the session in the House of Representatives Revenue Committee, where the budget request for the 2023 fiscal year was discussed, stated that 8 percent inflation is unacceptable for the USA and said that she does not think that inflation is a problem that will last for 10 years. Stating that Joe Biden's priority is the fight against inflation, as in the past days, Yellen pointed out that the Russia-Ukraine war is the cause of the current problems. Commenting on the Fed's long-term inflation target, Yellen said that she found the 2 percent inflation target reasonable.     You May Also Be Interested In: https://ieconomy.io/yellenden-enflasyonda-mucadele-mesaji/