Inflation

Yellen Says Ukraine War Fallout Means Inflation Likely ‘Very Uncomfortably High’ All Year

Yellen Says Ukraine War Fallout Means Inflation Likely ‘Very Uncomfortably High’ All Year
Treasury Secretary Janet Yellen testifies during a hearing on Capitol Hill in Washington, on Nov. 30, 2021. Alex Wong/Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

Treasury Secretary Janet Yellen said Thursday that economic uncertainty driven by the Ukraine war means Americans should brace for inflation to remain “uncomfortably high” throughout the year.

Yellen made the remarks on CNBC’s “Closing Bell” program, responding to a question whether the crisis in Ukraine had led her to revise her earlier projections for inflation to ease in the second half of 2022.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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