US Treas Sec Yellen says if the pandemic can be controlled inflation will ease this year
Fed
US Treasury Secretary Yellen speaking on CNBC
Eamonn Sheridan
Thursday, 20/01/2022 | 21:30 GMT-0
20/01/2022 | 21:30 GMT-0
Yellen remarks:
if the US is successful in controlling the pandemic she sees inflation easing over the course of 2022Has confidence in the fed’s ability to make appropriate judgements on the economysays the US Treasury is prepared to impose significant consequences on Russia over actions in Ukraine
there is a buffer stock of savings accumulated that will continue to support the
economy in the years ahead, even when fiscal support is reduced
it is our hope and intention to bring inflation down to levels consistent with the Federal Reserve interpretation of price stability
responsibility for addressing inflation is shared by the Fed and the Biden adminstration