Tag: Government Bodies

Yellen predicts inflation will return to normal in second half of 2022

Treasury Secretary Janet Yellen said Sunday that she doesn’t expect inflation to return to a normal rate until at least the middle of next year — but that doesn’t mean the U.S. is losing control of inflation. Speaking on CNN’s “State of the Union,” Yellen predicted the spike in inflation will be temporary. “ “Americans haven’t […]

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Debt-ceiling fight delayed, but Yellen warns potential for ‘catastrophe’ remains

U.S. Treasury Secretary Janet Yellen warned Sunday of “catastrophe” if Senate Republicans’ unwillingness to raise the debt ceiling causes the U.S. to default in December. Following a long standoff, the Senate late Thursday approved a bill to extend the debt ceiling through Dec. 3. But Senate Minority Leader Mitch McConnell, R-Ky., and other Republicans have […]

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