Yellen Sticks with ‘Transitory’ View of U.S. Inflation
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Treasury Secretary Janet Yellen stuck with her assessment that elevated U.S. inflation will prove “transitory,” while acknowledging it will take longer for the pace of price gains to return to normal.
“I believe it’s transitory, but I don’t mean to suggest these pressures will disappear in the next month or two,” Yellen said in an interview on CBS Evening News with Norah O’Donnell that aired Tuesday evening.