Economy

Janet Yellen: Inflation Should Not Be Labeled ‘Transitory’

Janet Yellen: Inflation Should Not Be Labeled ‘Transitory’

Democrat President Joe Biden's Treasury Secretary Janet Yellen has warned that policymakers must stop using the term “transitory” when describing high levels of inflation. However, "transitory inflation" is a position that many investors have been holding for several months. The Department of Labor's most recent inflation data indicates that consumer prices are…
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