Friday, September 22, 2023
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

Yellen Says She Was ‘Wrong’ About Inflation Path

in News
Yellen says terra collapse shows crypto-stablecoin dangers
Share on LinkedinShare on WhatsApp

US Treasury Secretary Janet Yellen admitted she missed her forecast about inflation, after saying it only posed “a small risk” one year ago.

“I think I was wrong then about the path that inflation would take,” Yellen said to CNN’s Wolf Blitzer. “As I mentioned, there have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I didn’t fully understand, but we recognize that now.”

Despite inflation may have peaked last March after sitting at 40-year highs, economists are warning that a return to healthy levels will take months.

After initially seeing inflation as a temporary side effect of the pandemic and the disruption of supply chains, now Yellen and other White House officials are concerned about how Russia’s invasion of Ukraine and recent covid outbreaks will further impact the global economy.

The White House is launching a month-long effort to signal a heavy focus on the economy. Yesterday President Joe Biden Yellen and Federal Reserve Chairman Jerome Powell discussed the new plan at the Oval Office.

The Central Bank has approved two rate hikes this year totaling 75 basis points. Officials have indicated that additional 50 basis point increases are coming over the next several meetings.

Tags: Federal ReserveJanet Yellen

Related Posts

Us brings back free at-home covid tests
Innovation

US brings back free at-home Covid tests

Instacart loses ipo gains during second trading day
Business

Instacart loses IPO gains during second trading day

Fed puts off interest rate hike
Industry

Fed puts off interest rate hike

Us automakers layoff workers amid uaw strike
Industry

US automakers layoff workers amid UAW strike

Warner bros. Discovery adds live sports streaming to max
Business

Warner Bros. Discovery adds live sports streaming to Max

Retailers’ holiday hiring plans sink to lowest levels since 2008
Industry

Retailers’ holiday hiring plans sink to lowest levels since 2008

Disney to double resources toward entertainment parks
Business

Disney to double resources toward entertainment parks

Instacart closes 12% higher after nasdaq debut
Business

Instacart closes 12% higher after Nasdaq debut

Us homebuilder confidence tumbles
Industry

US homebuilder confidence tumbles

Clorox claims cyberattack has stalled production
Business

Clorox claims cyberattack has stalled production

No Result
View All Result

Recent Posts

  • Deep-sea mining could be source of minerals critical to Earth’s future
  • Neuralink to begin human trials
  • Anheuser-Busch ends its traditional clipping of Clydesdale tails
  • US brings back free at-home Covid tests
  • Instacart loses IPO gains during second trading day

Recent Comments

  • Juul Unveils Cutting-Edge Vaping Tech: Navigating FDA Uncertainties – iStreetPark Blog on Juul hopes FDA won’t ban its new high-tech vape
  • CEO North America, August - September 2023 - CEO North America on Interviews – CEO North America, October – November 2022
  • CEO North America, August - September 2023 - CEO North America on CEO North America, December 2022 – January 2023
  • CEO North America, August - September 2023 - CEO North America on Why Tech Companies Are Moving to Texas and Florida
  • CEO North America, August - September 2023 - CEO North America on CEO North America, February 2023 – March 2023

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Editorials – stuart.james@ceo-na.com

Advertising – media@ceo-na.com

NEW YORK

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

 

MEXICO CITY

Paseo de la Reforma 296,
Floor 38
Mexico City
06600
MEXICO

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Editorials –
stuart.james@ceo-na.com

Advertising –
media@ceo-na.com

NEW YORK

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

MEXICO CITY

Paseo de la Reforma 296,
Floor 38
Mexico City
06600
MEXICO

CEO North America © 2022 - Sitemap

No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Warning: array_sum() expects parameter 1 to be array, null given in /home/ceonacom/public_html/wp-content/plugins/jnews-social-share/class.jnews-social-background-process.php on line 111