Yellen sees U.S. economy as very strong despite inflation – senior official

US Treasury Secretary Janet Yellen testifies before the House Ways and Means Committee on a budget proposal for President Biden in 2023 US, at Capitol Hill in Washington, US, June 8, 2022. REUTERS / Jonathan Ernst

TOKYO, July 12 (Reuters) – U.S. Treasury Secretary Janet Yellen will highlight US economic stability despite rising inflation and a 1.6% annual decline in the first quarter of the household when meeting with Japanese Finance Minister Shunichi Suzuki on Tuesday, great. The chief financial officer told reporters.

Yellen will explain Washington’s efforts to end inflation, as she shares her view that the US economy remains relatively stable, given the strength of the US workforce and the number of unemployed people, the official said.

They have seen the challenges facing the global economy, the collapse of the Russian war in Ukraine and its impact on global prices that are expected to hit developing countries and emerging markets and the European economy, especially with difficulty, the official added.

Andrea Shalal Reports Edited by Shri Navaratnam

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