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Inflation is not becoming 'embedded' in economy, Yellen says

Summary by Ground News
Yellen says she sees no signs of higher inflation expectations over the medium term being built into wages and prices. Yellen said investments such as President Joe Biden's $430 billion energy and health legislation would reduce some costs for Americans and bring down inflation over time by increasing the U.S. economy's productive capacity.

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Reuters broke the news in United Kingdom on Friday, October 21, 2022.
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