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US Treasury Secretary Janet Yellen said controlling inflation in the United States would be key to controlling inflation.
“It’s important to recognize that the cause of this inflation is the new corona,” Yellen said in an interview with CBS on the 14th.
“If we want to lower inflation, I think the most important thing we can do is keep progressing on corona measures,” he said.
Yellen reiterated that inflation is expected to slow by late 2022. “We expect that to happen if labor supply and demand patterns normalize. If we can cope with the new corona, we think prices will return to normal sometime later next year,” he said.
Meanwhile, the chairman of the National Economic Council (NEC) said that the tax and spending bill would reduce the costs of child-rearing, medical care and housing, and would have the opposite effect of accelerating high prices. “All of these will lead to lower US household costs,” he said on CNN’s “State of the Union.” He said additional spending would not boost inflation as the financial resources would be “sufficiently secured” through tax increases for businesses and high-income earners.
Former U.S. Treasury Secretary Summers said on CNN’s Fareed Zakaria GPS that inflation momentum “brings an unfortunate accident that slows the economy before it returns to the 2% range of significant policy adjustments.” It is pointed out that it is piled up to. “For many, I think inflation is a touchstone for whether the United States is under control,” he said.
Original title:Yellen Says Quashing Covid-19 Is Key to Lowering Inflation (1)（抜粋）
(We will update with the remarks of NEC Chairman Dies and former US Treasury Secretary Summers in the fifth and subsequent paragraphs.)
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