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Yellen: I believe that significant inflation will continue for many months longer
US TREASURY SECRETARY YELLEN: I BELIEVE THAT SIGNIFICANT INFLATION WILL CONTINUE FOR MANY MONTHS LONGER.
— Breaking Market News (@financialjuice) July 15, 2021
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US TREASURY SECRETARY YELLEN: THE GAP BETWEEN THE US AND FOREIGN TAX RATES WILL DIMINISH UNDER PROPOSED TAX CHANGES.
— Breaking Market News (@financialjuice) July 15, 2021
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US TSY'S YELLEN Q&A/CNBC: LOW 10-YR YIELD REFLECTS BELIEF INFLATION TO REMAIN UNDER CONTROL; RISKS AROUND WORLD WITH VIRUS; NEED TO ACCELERATE VACCINE #Yellen #rates #vaccines
— Mace News (@MaceNewsMacro) July 15, 2021
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US TREASURY SECRETARY YELLEN: THERE ARE COVID OUTBREAKS IN CERTAIN PLACES OF THE NATION TO BE CONCERNED ABOUT. COVID SHUTDOWNS COULD HAPPEN IN THE US.
— Breaking Market News (@financialjuice) July 15, 2021
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Yellen sees ‘several more months of rapid inflation,’ worries about impact on home buyers
Treasury Secretary Janet Yellen cautioned Thursday that prices could continue to rise for several more months, though she expects the recent startling inflation run to ease over time,. In a CNBC interview, the cabinet official added that she worries about the problems inflation could pose for lower-income families looking to buy homes at a time when real estate values are surging. “We will have several more months of rapid inflation,” Yellen told Sarah Eisen during a “Closing Bell” interview. “So I’m not saying that this is a one-month phenomenon. But I think over the medium term, we’ll see inflation ... (full story)
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