US Treas Sec Yellen says she thinks there are several more months of rapid inflation ahead

US Treasury Secretary Yellen speaking, a lot of her earlier comments were on tax issues.

Expressing an opinion on CPI now. Yellen is in the ‘transitory’ camp … but sees a few more months of sharply rising prices. 

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  • worried about housing affordability
  • but not about the financial stability impact of rising house prices: “The lending that’s taking place is to creditworthy borrowers so I don’t think we’re seeing the same kinds of dangers in this that we saw in the runup to the financial crisis in 2008”

I guess creditworthiness is pretty good when interest rates are close to nuthin’, yeah?

 

More:

  • sees interest rates remaining at moderate levels
  • sees inflation staying under control
  • believe the Fed is doing a good job

 more to come  

US Treasury Secretary Yellen speaking, a lot of her earlier comments were on tax issues.

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