Oct 2r, 2021, Treasury Secretary Janet Yellen told CNN that the U.S. had not lost control of inflation. “On a 12-month basis, the inflation rate will remain high into next year, because of what’s already happened. But I expect improvement by the second half of next year,” she said.
Later on: Treasury Secretary Janet Yellen conceded that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions of dollars in government stimulus spending. Just a thought.
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