US Treasury: Fed’s 2% inflation target may not be reached until next year

  • US Treasury Secretary Janet Yellen
    Treasury Secretary Janet Allen said the Fed’s 2% inflation target “may not be reached until next year”.

    “I am confident that the Fed will be able to contain inflation,” Allen said at a conference at Reuters time, but “inflation remains at unacceptably high levels.” reported etc.

    “This is a big problem for every family in America,” said Allen.

    “I believe there is a way to reduce inflation while maintaining a strong labor market,” he added.

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