Reported 9 months ago
US Treasury Secretary Janet Yellen discussed the reasons behind the rise in food prices, attributing it to increased costs like labor expenses in an exclusive interview with Yahoo Finance. While acknowledging potential margin increases, Yellen expressed hesitance towards government intervention in agriculture, stating that she is reluctant to support subsidizing the sector. The interview also highlighted efforts by some companies to address consumer cost burdens by reducing prices on essential goods.
Source: YAHOO