Janet Yellen Rejects Idea Corporate Greed Is to Blame for Inflation — via financialpost Inflation
“Demand and supply is largely driving inflation,” Yellen said at a New York Times hosted event on Thursday, when asked about the view that corporate greed is a key cause. She said that it’s true that price-to-cost margins have gone up, but she said that’s not what’s driving inflation.
Yellen said that she supports a “strong” antitrust policy. She reiterated that, in the battle against inflation, the administration looks “first and foremost” to the Federal Reserve to deal with it.Article content There’s still a large “buffer-stock of savings” that will support spending going forward, Yellen said.
With unemployment historically low, the Treasury secretary said it’s “amazing” how pessimistic US households are.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Treasury Secretary Janet Yellen: Does not think the US is going to have a recessionSpeaking at a New York event, US Treasury Secretary Janet Yellen explained that she does not think the US is going to have a recession. Key comments E
Read more »
Janet Yellen Calls for Crypto Regulation, Says It's "Risky" Option for Retirement Savings⬇ -7 Janet Yellen Calls for Crypto Regulation, Says It's 'Risky' Option for Retirement Savings cryptocurrency
Read more »
US Treasury Secretary Yellen: Crypto is Not Suitable Option for RetirementDigital assets is not something that Janet Yellen would recommend to people who are saving for their retirement.
Read more »
Yellen Downplays Stimulus Contributing to Inflation, Republicans Grill US Treasury Secretary's Decisions – Economics Bitcoin NewsU.S. Treasury secretary Janet Yellen doesn't think inflationary pressures stem from the stimulus policies enacted after the Covid-19 outbreak. Economics Inflation
Read more »
US Treasury Sec. Yellen: Biden Administration looking to make China tariffs more ‘stratetic’President Joe Biden’s Administration is looking to “reconfigure” tariffs imposed on Chinese goods under former President Donald Trump to make them mor
Read more »
Yellen says White House looking to 'reconfigure' China tariffs as inflation roarsThe White House is considering reductions in tariffs on Chinese imports as it seeks to tame the hottest inflation in four decades, Treasury Secretary Janet Yellen said.
Read more »