US Treasury Sec Yellen: US faces challenges including “unacceptable levels of inflation”, supply chain snags By Frank_Macro UnitedStates Inflation
US Treasury Secretary Janet Yellen said in the pre-released version a Congressional testimony that the US economy faces challenges from "unacceptable levels of inflation", as well as headwinds from supply chain snags, reported Reuters on Tuesday. An appropriate budgetary stance is needed to compliment the Fed's actions to dampen inflation without undermining the strength of the labour market, she added.
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