“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.
financialpost Janet Yellen knows full well that severe central bank mismanagement over the past 15yrs has finally kicked the can to the end of the road. She was part of the scheme.
financialpost Well theJagmeetSingh’s bubble was just popped. Don’t want to hear those lies again SelloutSingh
financialpost More like government corruption and incompetence.
financialpost Why are 100 year old people running the US....she thinks inflation is transitory ?
financialpost It’s political greed.
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