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Yellen Says High Inflation Locked In for the Rest of 2022

  • ‘I expect the economy to slow,’ Treasury secretary says
  • Mester says recession risks rising after lag in Fed pivot
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Yellen Says High Inflation Locked In for the Rest of 2022
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Treasury Secretary Janet Yellen said that “unacceptably high” prices are likely to stick with consumers through 2022 and that she expects the US economy to slow down.