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Yellen expects Trump's tariffs will hike inflation to 3% year over year
7 Articles
7 Articles
New York, United States.- Former Treasury Secretary Janet Yellen predicts that President Donald Trump's tariffs will trigger a price rise and a fall in average family income, despite the slowdown in the inflation rate in the United States. "I anticipate that inflation, year-on-year this year, will skyrocket at least 3 percent, or a little more, due to tariffs," Yellen said on Thursday in the CNBC's Money Moves program. The Cabinet Secretary of t…
Fmr. Treasury Secretary Janet Yellen: Tariffs could push inflation to 3%
Former Treasury Secretary and Federal Reserve Chair Janet Yellen expects inflation to rise to “at least 3% or slightly over” due to tariffs, despite recent encouraging signs of price stabilization.
US Inflation: Yellen Warns Trump Tariffs Could Ignite 3% Spike
BitcoinWorld US Inflation: Yellen Warns Trump Tariffs Could Ignite 3% Spike The potential return of significant trade tariffs under a future Donald Trump presidency is a topic sparking considerable debate among economists and policymakers. Adding her voice to the discussion, former U.S. Treasury Secretary Janet Yellen has issued a notable warning regarding the potential impact on US inflation. According to reports citing CNBC via the Walter Bloo…
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