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Yellen expects inflationary pressures to ease by second half of 2022 -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: Janet Yellen, Treasury Secretary, attends the hearing of House Financial Services Committee in Washington, U.S.A, September 30, 2021. Al Drago/Pool via REUTERS

ROME (Reuters). U.S. Treasury secretary Janet Yellen said Friday that she believes inflation is temporary due to severe supply chain bottlenecks. She expects prices to rise during 2022, as more people return to work and the demand for services shifts to lower-priced goods.

In a CNN interview, Yellen stated that as demand shifts to services, and the supply can adjust, “Yellen said to CNN.

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