Yellen predicts ‘several more months of rapid inflation’

Published July 15, 2021 9:06pm ET



Treasury Secretary Janet Yellen said that she doesn’t think inflation will be sinking back down in the coming weeks.

Yellen addressed the country’s levels of inflation during an interview that aired on CNBC Thursday afternoon. She said that while she still thinks the price increases are transitory, supply chain issues and bottlenecks stemming from the COVID-19 pandemic will continue to apply inflationary pressure to the economy.

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