Inflation statement from US Treasury Secretary Janet Yellen
US Treasury Secretary Janet Yellen stated that they have made significant progress in reducing inflation, and that they have done this while maintaining the strength of the economy and labor market.
USA Treasury Secretary Janet Yellen made evaluations about the economic agenda in the television program she attended.
Reminding that inflation in the USA decreased to 3.2 percent on an annual basis in October, Yellen said, “I think we have made significant progress in reducing inflation.” said.
Yellen stated that although prices generally rose much more slowly, Americans still saw price increases in some important items, including food prices, compared to the pre-pandemic period.
HIGHER THAN USUAL
Stating that the prices are higher than the Americans are used to, Yellen said that the progress made in reducing inflation was achieved while maintaining the strength of the economy and labor market, and that this was “good news” for the Americans.
Yellen stated that US President Joe Biden’s administration is making investments that will improve conditions in many parts of the country.
HE STRIKEED THE IMPORTANCE OF PROVIDING AID TO ISRAEL AND UKRAINE
When asked about the possibility of the $105 billion additional fund requested from Congress by the Biden administration, mostly for Israel and Ukraine, to be enacted by the end of the year, Yellen emphasized that this is a critical priority for President Biden and of critical importance for the national security of the United States.
Yellen stated that she could not predict any time period for the request to become law, but that it was very important that this aid be provided to both Israel and Ukraine.
Noting that they cannot allow Ukraine to lose the war on the home front because it does not have enough money, Yellen stated that Ukraine is completely dependent on this aid.
EVALUATED THE BIDEN-SI MEETING
Yellen, as part of the Asia Pacific Economic Cooperation (APEC) Summit last week Chinese Referring to their meetings with China, he said that this is an opportunity for Biden and Chinese President Xi Jinping to deepen their communications so that they can make concrete progress on issues where the two countries can work together.
Stating that both leaders expressed their concerns about some economic policies and actions, Yellen said, “But more importantly, it was realized that we have the opportunity to work together on mutual and world-related issues.” made his assessment.
Yellen stated that she discussed the issues regarding China’s investments in the USA with her Chinese counterpart.
On the other hand, Yellen said she has concerns about privacy and social media-related issues and TikTokHe stated that the problem regarding has not been resolved yet. (AA)
