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Yellen Puts Inflation Blame Elsewhere, Defends Biden Stimulus

Yellen Puts Inflation Blame Elsewhere, Defends Biden Stimulus | Trading Cocktail

On ‘transitory’ prices, could have used ‘maybe a better word’ Sees annualized monthly inflation at 2%-2.5% by year end U.S. Treasury Secretary Janet Yellen defended the size of the Biden administration’s stimulus package that many blame for fueling the fastest inflation in four decades, though she conceded that describing rising prices as “transitory” was a mistake. “You have to decide …