Janet Yellen assured that the United States would not lose control of inflation.

source: reuters.com

The US Treasury Secretary stressed that prices will remain high in 2022 but said she expects an improvement in the second half of next year.

The US Secretary of the Treasury, Janet Yellen, said this Sunday that she does not believe that inflation will "lose control" in the country. However, she acknowledged that she expects prices to remain high until the middle of next week. Anus.

Yellen stated this in an interview on CNN when asked about the growing concern about persistent inflation fueled by global supply problems.

"I don't think we're going to lose control of inflation," said the first woman to head the Treasury Department in US history.

As we progress through the pandemic, I hope these bottlenecks will subside. And Americans will return to the workforce as conditions improve.

Yellen stressed that the annual inflation rate "will remain high next year due to what has already happened" but said he expects "an improvement in the second half of next year. "

"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%, representing levels not seen in the United States in more than a decade.

In the US, consumer spending represents almost two-thirds of economic activity and has received generous distributions of money from the government since March 2020.

Other factors contributing to inflation are labor shortages that continue to push wages up and disruptions in global supply networks, causing delays in delivering materials and products.

This continued rise in prices in the country has generated concern, especially since the US Federal Reserve (Fed) indicated at the beginning of the year that it would be "transitory" and has now recognized that it could last longer than anticipated. 

The US central bank has indicated that it could begin the gradual withdrawal of monetary stimulus at its next meeting in November by reducing the volume of its monthly bond purchase program worth 120,000 million dollars.

The US central bank has maintained interest rates close to zero and the liquidity above injections since March 2020 to support the economy after the impact of the pandemic.

In September, the Fed lowered its economic growth forecasts to 5.9% this year, compared to the 7% estimated three months ago. It slightly raised inflation rates from 3.4% to 4.2% by the end of 2021.