Yellen sees inflation as transitory rather than permanent

“We’re seeing some inflation but I don’t believe it’s permanent, ” Yellen (pic) said at a press conference after the G-7 finance meeting in London.

LONDON: Treasury secretary Janet Yellen said the recent rise in prices will subside and the US labour market, while improving, still has a ways to go before returning to pre-pandemic strength.

“We’re seeing some inflation but I don’t believe it’s permanent, ” Yellen said at a press conference after the G-7 finance meeting in London.