The secretary of the treasure from the United States, Janet Yellen, has stated this Sunday, October 24, that the North American nation was not “losing control of inflation” and that it expected its levels to return to normal in the second half of next year.
During an interview with CNN, the official said that problems ranging from supply bottlenecks, a tight labor market and other factors arising from the pandemic are expected to improve.
“I don’t think we’re going to lose control of inflation,” said the first woman to head the Treasury Department in the history of USA en el programa State of the Union.
“Americans have not seen inflation like we have recently experienced in a long time. But when we return to normal, we hope that ends, “he said.
“As we move forward with the pandemic, I hope these bottlenecks will subside. And Americans will return to the workforce as conditions improve, ”he added.
The inflation rate closed last September at 5.4%, which represents levels not seen in the United States in more than a decade.
It should be noted that last Friday, October 22, the president of the Federal Reserve, Jerome Powell, expressed in a note its greatest concern about the persistent rise in prices, and made it clear that the Central Bank will begin to reduce its bond purchases shortly, but will continue to be patient when raising interest rates.
Consumer spending, which in EE. UU. Represents almost two-thirds of economic activity, it has had generous money distributions by the Government since March 2020.
With information from Reuters, Bloomberg and EFE.
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