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Janet Yellen, inflation and COVID-19 pandemic
Yellen: COVID stimulus may have contributed a little bit to higher inflation
The $1.9T stimulus package to support the U.S. recovery from the effects of the COVID-19 pandemic may have contributed "a little bit" to the elevated inflation that followed, Treasury Secretary Janet Yellen told CNBC in an interview.
Yellen says COVID-19 stimulus may have contributed to inflation
The Treasury secretary said supply chain issues, shortages drove up prices during the pandemic, but that stimulus spending could have played a role as well.
Janet Yellen says COVID spending may have contributed ‘little bit’ to inflation in rare admission by Biden official
Yellen said there had not been much progress in lowering prices in recent months, but she remained convinced that the US was on a “downward path.”
Treasury’s Yellen, After Years of Denials, Confesses That Biden’s Covid Relief Package Contributed to Inflation
In an interview with CNBC’s “Money Movers” Wednesday, Ms. Yellen insisted the surge in prices was caused primarily by the Covid pandemic. She said “huge supply chain problems” that left Americans struggling to find basic goods in stores are what “started pushing prices up a great deal.”
Treasury Secretary Janet Yellen: Covid stimulus may have contributed 'a little bit' to inflation
Treasury Secretary Janet Yellen joins CNBC's 'Money Movers' to reflect on her tenure in the Biden administration.
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Yellen raised serious concern about China's 'malicious' cyber activity, Treasury says
U.S. Treasury Secretary Janet Yellen met virtually on Monday with Chinese Vice Premier He Lifeng and raised concerns about ...
1d
on MSN
Yellen Sees Term-Premium Rise, Rate Repricing Behind Yield Climb
Treasury Secretary Janet Yellen said that stronger than expected economic data spurred a repricing of expectations for ...
12d
on MSN
Janet Yellen tells Congress US could hit debt limit in mid-January
Treasury Secretary Janet Yellen says her agency will need to start taking “extraordinary measures,” or special accounting ...
1d
on MSN
Yellen says CFIUS made thorough analysis of blocked US Steel-Nippon Steel merger
U.S. Treasury Secretary Janet Yellen said on Wednesday that Nippon Steel's planned acquisition of U.S. Steel received a ...
2d
Yellen Raises 'Serious Concern' To China After US Treasury Cyberattack
US Treasury Secretary Janet Yellen raised concerns Monday to Beijing about "malicious cyber activity" by Chinese state-sponsored actors, days after her department reported such a breach.
12d
on MSN
'Extraordinary measures': Treasury Sec. Yellen warns US could soon hit debt ceiling
Treasury Secretary Janet Yellen warned Congress that the country could hit the debt ceiling as soon as Jan. 14 in a letter ...
12d
Yellen Warns ‘Extraordinary Measures’ Will Be Needed to Avoid Default
The Treasury secretary urged Congress to protect the full faith and credit of the United States by raising the debt limit.
2d
Yellen raises issue of China's non-market policies, warns of strain on ties
She underscored the significant consequences that companies, including those in China, would face if they provide material ...
9d
on MSN
US disburses $3.4 billion in budget aid for Ukraine, Yellen says
President Joe Biden announced $2.5 billion in additional security assistance for Ukraine, which is separate from the direct ...
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China
Joe Biden
COVID
United States Department of the Treasury
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