Yellen Critiques Market Overreaction to Inflation Data U.S. Treasury Secretary Janet Yellen argues that minor fluctuations should not distract from the significant longer-term trends of decreasing inflation, a strong economy, and rising wages. Speaking at the Detroit Economic Club alongside Michigan Governor Gretchen Whitmer, Yellen expressed confidence in the economic trajectory, labeling market reactions to short-term data as a “tremendous mistake” and urged a focus on the overall downward movement of inflation. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago READ MORE NYCB in Crisis: CEO Steps Down as Losses Mount to $2.7 Billion READ MORE Fed's Rate Hikes Propel Global Shift Away from U.S. Dollar, Says Atlantic Council READ MORE The US dollar is so strong that China’s central bank, among others, just keeps loading up on gold READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
