More from US Treas Sec Yellen – watching UK developments, still work to do on inflation


Earlier from Yellen’s interview with CNBC:

More now:

  • Have been watching UK developments ‘quite closely’
  • Have met with UK
    officials
  • Does not want to
    comment on UK policy
  • Fiscal policy should
    be complementary to monetary policy, we have tried to do that in the
    u.s.
  • I have confidence in
    the fed to make a good set of decisions and we’re not going to
    interfere
  • There’s been some
    positive news on inflation but we need to see a sustained decline
  • Job openings decline
    takes a bit of heat out of job market
  • I plan to stay
  • I have no plan to
    leave
  • I think I was in
    good company in failing to see inflation would increase and persist
    as long as it has
  • Lowering inflation
    is Biden’s top economic priority

Watching Gilts ….



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