US Treasury Secretary Predicts Inflation Will Ease in 2022

US Treasury Secretary Predicts Inflation Will Ease in 2022

US Treasury Secretary , Predicts Inflation , Will Ease in 2022.br On October 29, the Commerce Department br reported that consumer prices in September br were 4.4 higher than a year ago.br According to NPR, that was br the sharpest increase since 1991.br On November 3, Treasury Secretary br Janet Yellen said that she expects inflationbr to come down in the second half of next year.br On November 3, Treasury Secretary br Janet Yellen said that she expects inflationbr to come down in the second half of next year.br Yellen said she believes the rise br is mostly the result of strong demand br for goods overtaxing global supply networks.br I expect that next year, many of br the supply bottlenecks that we're br experiencing now in opening up br our economy will recede, Janet Yellen, United States Treasury Secretary, via NPR.br Sometime during the second half br of the year we'll see inflation rates br moving back toward the 2 br that we regard as normal, Janet Yellen, United States Treasury Secretary, via NPR.br While speaking in Glasgow, Scotland, br Yellen called for the private sector br to take action against climate change.br The gap between what governments br have and what the world needs br is large, and the private sector br needs to play a bigger role, Janet Yellen, United States Treasury Secretary, via NPR.br NPR reports that both the U.S. br and the U.K. are looking to attract br private investments in clean technologies.


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Uploaded: 2021-11-03

Duration: 01:30

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