US Treasury Secretary: Tariffs Won't Affect Inflation
The US Treasury Secretary, Janet Yellen, recently commented on the impact of tariffs on inflation in the country. During a recent press conference, she stated that she does not see any reason for concern that tariffs could lead to rising prices for goods and services. According to her, the current inflation rate in the country is under control and is not driven by the imposition of tariffs.
Yellen explained that despite some economic challenges, the influence of tariffs on the overall economic situation is not significant. She believes the government has taken sufficient steps to stabilize the economy, and that economic growth and low unemployment are more critical factors than tariffs.
Moreover, she mentioned that many of the tariffs imposed are temporary and aimed at protecting domestic production. In her opinion, all these measures will not negatively impact consumers.
Economists express various opinions on this issue, with some warning that tariffs may indirectly affect consumer prices. However, according to Yellen, data indicates that the main causes of inflation are other economic factors, such as supply chain issues and fluctuations in raw material prices.
In conclusion, Yellen affirmed that she is doing everything possible to improve the economic situation in the country and promised to continue paying attention to issues of economic stability.
