WASHINGTON (AP) -- Treasury Secretary Janet Yellen acknowledged Tuesday that she and Federal Reserve Chair Jerome Powell "could have used a better word"
WASHINGTON (AP) — Treasury Secretary Janet Yellen acknowledged Tuesday that she and Federal Reserve Chair Jerome Powell “could have used a better word” than “transitory” when describing the expected run of inflation in the U.S. economy. She added that she was hopeful it would soon be on the decline.
Treasury Secretary Janet Yellen said Tuesday that she expects inflation to remain “high” this year, even telling lawmakers that the administration’s two-month-old forecast for price increases needs to be revised higher.
In our news wrap Tuesday, Treasury Secretary Janet Yellen told the Senate Finance Committee inflation will remain high, the Department of Homeland Security warns of potential new threats from domestic extremists, the World Bank lowered its economic outlook, Russia says it now controls most of Ukrain…
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
Treasury Secretary Yellen Expects Inflation to ‘Remain High' | Since Then
