U.S Treasury's Yellen downplays inflation, rate hike concerns

Reuters

U.S Treasury's Yellen downplays inflation, rate hike concerns

Reuters logo Reuters 4/05/2021 22:39:22
Janet Yellen looking at the camera: FILE PHOTO: Yellen holds a news conference in Washington © Reuters/Jonathan ErnstFILE PHOTO: Yellen holds a news conference in Washington

WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen said on Tuesday that she does not anticipate that inflation will be a problem for the U.S. economy, as price increases during the recovery should be transitory.


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Yellen, speaking to a Wall Street Journal event, clarified earlier remarks that interest rates may need to rise modestly to prevent the economy from overheating. "It's not something I'm predicting or recommending," she said.

(Reporting by David Lawder; Editing by Leslie Adler)

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mercredi 5 mai 2021 01:39:22 Categories: Reuters

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