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U.S. Treasury Assistant Janet Yellen dealt with a battery of concerns on inflation, careless cash printing, and also work scarcities during her testimony before the House Ways and Method Board on Thursday.
" I do not believe we go to danger of devaluation. We had a number of months of high rising cost of living, which most economic experts, including me, think will certainly be temporal as our economic situation comes back industrious after the pandemic," Yellen said.
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'We are not at risk of hyperinflation' — U.S. Treasury Secretary Janet Yellen
U.S. Treasury Secretary Janet Yellen faced a barrage of questions on inflation, irresponsible money printing, and employment shortages during her testimony before the House Ways and Means Committee on Thursday.
"I do not believe we are at risk of hyperinflation. We had several months of high inflation, which most economists, including me, believe will be transitory as our economy gets back in full swing after the pandemic," Yellen said.
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