Yellen, the US Treasury Secretary, has expressed worries about the increasing cost of living, according to the Financial Times.

Reported 6 months ago

U.S. Treasury Secretary Janet Yellen expressed concern over rising living costs in an interview with the Financial Times, noting significant price increases despite wage growth. Yellen highlighted the impact on essentials like food and housing, particularly affecting young potential homebuyers due to higher mortgage rates. The U.S. Consumer Price Index rose 3.4% in the 12 months through April, with the Federal Reserve maintaining its interest rates unchanged at 5.25% to 5.50% since July.

Yellen, the US Treasury Secretary, has expressed worries about the increasing cost of living, according to the Financial Times.

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