Yellen says end of inflation depends on ‘successful’ US pandemic response

Yellen says end of inflation depends on ‘successful’ US pandemic response


US Treasury Secretary Janet Yellen predicted that inflation will end once there is a “successful” response to the pandemic when demand patterns and labor supply return to their pre-pandemic norms.

In an interview with CBS’s “Face the Nation” that aired on Sunday, Yellen said she is confident that price spikes will subside in the second half of next year as the country slowly recovers from the virus that caused unemployment to soar to nearly 15 percent.

“The pandemic has been calling the shots for the economy and for inflation, and if we want to get inflation down, I think continuing to make progress against the pandemic is the most important thing we can do,” she said.

Trending: WATCH: Republican Voter In Florida Congressional Race Was Told By Poll Worker That Republicans Could Not Vote

The pandemic has fueled demand for products,

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend