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12/7/2021, 1:21 PM (Source: TeleTrader)
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Inflation to ease with pandemic under control - Yellen

United States Treasury Secretary Janet Yellen said on Tuesday that the inflation rate should be expected to ease once the coronavirus pandemic is completely under control.

Speaking at a Financial Times-hosted virtual conference, she acknowledged that the inflation issue is currently the main concern for the Treasury Department.

Yellen also noted that the US economy is not showing any evidence that would point to a wage-price spiral.

Baha Breaking the News (BBN) / MS