Inflation & Prices
Yellen Says ‘More Work’ Remains in Effort to Curb US Inflation
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Treasury Secretary Janet Yellen, reacting to data showing another faster-than-anticipated increase in consumer prices, said the US has “more work to do” to restrain the worst burst of inflation since the 1980s.
“While there have been favorable indicators on easing of supply chain bottlenecks and softening of labor market pressures, we need to see sustained progress,” Yellen said at the start of a meeting with European commissioners Valdis Dombrovskis and Paolo Gentiloni in Washington.