US Treasury Secretary Bessen Uses Same Inflation Language That Troubled Former Fed Chair Yellen

Recently, U.S. Treasury Secretary Scott Bessen described inflation using terminology that echoes the phrasing that drew criticism when former Federal Reserve Chair Janet Yellen employed it. "Apart from inflation—which I believe is just a short-term blip—economic data is very strong," Bessen said. This represents the latest instance of the Treasury chief characterizing the price surge following the Iran conflict outbreak as a "one-off shock."
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments