EconomyYellen described the inflation rate in the US as...

Yellen described the inflation rate in the US as unacceptably high.

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US Treasury Secretary Janet Yellen. Archive photo

US Treasury Secretary Yellen said unacceptably high inflation is a big problem.

WASHINGTON, September 22 – RIA Novosti. Inflation in the US remains unacceptably high, US Treasury Secretary Janet Yellen said at the Atlantic festival conference on Thursday.

“Inflation is accelerating at an unacceptably high rate. This is a huge problem for every American household and poses significant risks to economic security,” he said.

At the same time, according to Yellen, the US Federal Reserve will be able to overcome the excessive growth in consumer prices, despite the risk that the head of the Treasury Department will continue to run the conflict in Ukraine. Factors that increase inflation.

On Wednesday, following the results of the Federal Open Market Committee’s September meeting, the Fed raised the base rate by 75 basis points – to 3-3.25% per annum – the maximums since 2008. The Fed also raised its inflation expectations for 2022 to 5.4% from 5.2% in June and to 2.8% from 2.6% in 2023.

Source: Ria

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