US Treas Sec Yellen says on inflation … “It really depends on the pandemic.”

US Treasury Secretary Yellen spoke on on CBS’ “Face the Nation.”

Yellen on her outllok for the economy and inflation:

  • It really depends on the pandemic. The pandemic has been calling the shots for the economy and for inflation
  • And if we want to get inflation down, I think continuing to make progress against the pandemic is the most important thing we can do.

And, further:

  • And also, labor supply has been impacted by the pandemic. Labor force participation is down; it hasn’t recovered.
US Treasury Secretary Yellen spoke on on CBS' "Face the Nation."

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