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Yellen says Fed, Biden administration will take steps to control inflation -Breaking

by Mike Robinson

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WASHINGTON, (Reuters) – U.S. Treasury secretary Janet Yellen stated on Thursday that she is confident that the Federal Reserve will and the Biden Administration will take the necessary steps to reduce inflation in 2022. This was subject to the COVID-19 pandemic being controlled.

“Inflation rose more than any economists expected, and it is our responsibility to deal with that. “And we will,” Yellen said to CNBC during a live interview.

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