Yellen downplays inflation fears

in hive-155492 •  4 years ago 

Treasury Secretary Janet Yellen tried to frame the week’s big debate on her own terms, telling ABC’s “This Week” that the risk of inflation is “small” and “manageable”.

“I don’t think it’s a significant risk,” Yellen said. “And if it materializes, we’ll certainly monitor for it but we have tools to address it.”

Yellen’s comments come at the start of a big week for central bank meetings. After the Federal Reserve on Wednesday, the Bank of England and Bank of Japan both hold their policy meetings on Thursday and Friday, respectively. BoE Governor Andrew Bailey told the BBC on Monday that he didn’t expect inflation to rise excessively.

Those looking for a real reaction to the upturn in inflationary pressures should monitor the central bank of Brazil on Wednesday, Turkey’s central bank on Thursday, and Russia’s on Friday.
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