Yellen Says High Inflation Locked In for the Rest of 2022

Yahoo Finance2022-06-20

Treasury Secretary Janet Yellen said that “unacceptably high” prices are likely to stick with consumers through 2022 and that she expects the US economy to slow down.“We’ve had high inflation so far ...

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Comments

  • Seaside
    2022-06-20
    Seaside
    Ok
  • NEWBIE
    2022-06-20
    NEWBIE
    Noted
  • EC031
    2022-06-20
    EC031
    Thank you for sharing
  • MSJYJ
    2022-06-20
    MSJYJ
    Good
  • Silverwing23
    2022-06-20
    Silverwing23
    Noted
  • robot1234
    2022-06-20
    robot1234
    U.S. recession isn’t ‘inevitable,’ but inflation is ‘unacceptably high,’ Treasury Secretary Yellen says. The recession that many Americans fear is coming is not “at all imminent,” Treasury Secretary Janet Yellen told ABC News on Sunday. Talk of a recession has accelerated this year as inflation remains high and the Federal Reserve takes aggressive steps to counter. On Wednesday, the Fed announced a 75 basis point interest rate hike, its largest since 1994.
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