US Treasury Secretary Yellen says again she believes inflation is transitory
Comments from Janet Yellen, US Treasury Sec, over the newwires:
- reiterates her belief that high US inflation is transitory
- says she envisages isolated shortages of goods in the months ahead
- it is absolutely necessary to raise the US debt ceiling limit
Nothing new here from Yellen.
A little more:
- "I believe it's transitory, but I don't mean to suggest these pressures will disappear in the next month or two"