Yellen's Message About the Fight Against Inflation

US Treasury Secretary Janet Yellen made assessments on the US economy. Stating that they are struggling with many economic difficulties, including high inflation, Yellen stated that efforts are continuing to reduce the pressures.

Yellen's Message about the fight against inflation. US Treasury Secretary Janet Yellen spoke to the Senate Finance Committee. Making a presentation on the current economic difficulties, Secretary Janet emphasized that the US economy is struggling with a number of economic difficulties, including 'unacceptably high' inflation. Stating that an appropriate budget stance is needed to reduce inflationary pressures, Yellen said, "We are facing some challenges, such as the destruction caused by the pandemic in the supply chain, as well as the Russian invasion of Ukraine causing supply-side damage to the food and oil markets." Yellen added that the 46th US Joe Biden's spending bill could lower Americans' costs in areas such as prescription drugs.