Yellen says inflation has fallen substantially, but not enough for rate cuts yet

US Treasury Secretary Yellen:

  • inflation has come down substantially
  • but inflation is not yet where it needs to be
  • the US-China relationship has improved decidedly over the past 12 months

Yellen was Powell’s predecessor at the Federal Reserve.

This article was written by Eamonn Sheridan at www.forexlive.com. Source