US Treasury Secretary Predicts Inflation Will Ease in 2022

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

Recommended