Treasury Secretary Janet Yellen said "We currently face macroeconomic challenges, including unacceptable levels of inflation as well as the headwinds associated with the disruptions caused by the pandemic’s effect on supply chains, and the effects of supply side disturbances to oil and food markets resulting from Russia’s war in Ukraine," Yellen said in prepared remarks while testifying before the Senate Finance Committee.
But she offered few solutions to cool the hottest inflation in nearly four decades beyond that, and noted any actions from the White House or Congress would merely act as an accompaniment to steps taken by the Federal Reserve.
We are Democracy, not Dictatorship. But It seems that Janet had to say what she was told, "Transitory"
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