Treasury Secretary Yellen

  • Hoping to gain endorsement at G20 for global minimum tax proposal
  • The post corporate tax hike would put US in the middle of global peers
  • she believes current trends in inflation are transitory due to supply bottlenecks
  • it is a bumpy path reopening, but economy is on a good track
  • Fed made clear that the stance of monetary policy is not changed at all

Yellen is speaking at Senate appropriations hearing.