“We are monitoring inflation very carefully and we take it seriously,” the US Treasury secretary said Wednesday. Janet Yellen, to the Senate Finance Committee, Reuters reported.
“The current burst of inflation reflects the difficulty of reopening an economy that has been closed,” added Yellen.
“We are taking steps to address the bottlenecks afflicting the economy right now.”
Market reaction
These comments do not appear to have a significant impact on the USD’s performance against its main rivals. At time of writing, the US Dollar Index was up 0.05% on the day at 90.55.
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