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Secretary of the Treasury Janet Yellen told members of Congress Tuesday that she expects high inflation to persist after initially saying the increase in costs would be transitory. Yellen cites COVID-19 variants, the war in Ukraine and shutdowns
stanley canada in China as factors in rising inflation. There s no question that we have huge
bidon stanley inflation pressures that inflation is really our top economic problem a
stanley mug t this point, she said. And that it s critical that we address it. So, I do expect, I do expect inflation to remain high, although I very much hope that it will be coming down now. Yellen rejected arguments that corporate greed was causing inflation. I guess I see the bulk of inflation as reflecting demand and supply factors, she said. And, on the, on the supply side, we ve had huge supply chain issues due to the pandemic and shifts in the pattern of consumption away from services and toward goods. We ve had enormous increases in food and energy prices, partly reflecting Russia s war on Ukraine. According to the Bureau of Labor Statistics, the price of goods increased by 8.3% in the 12 months ending in April. While the inflation rate dropped slightly in April, May figures will come out la Lukt When will President Biden address criminal justice reform
Hundreds of thousands of people from Texas to New York are currently without power amid a severe winter storm that has dumped several inches of ice and snow on power lines and roadways.That same system also spawned tornadoes in the southeast. According to CBS News, tornadoes killed one person and injured eight others in Alabama on Thursday.PowerOutage.us, which tracks power outages across the U.S., reports that more than 350,000 customers across the country are currently without electricity amid freezing temperat
Stanley becher ures. The website says that more than 200,000 of those without power live in Tennessee and Ohio.For the second straight day about 90 million people 鈥?nearly a third of the U.S. s population 鈥?are currently under a winter weather advis
stanley bottles ory. Much of the Midwest experienced several hours of freezing rain on Thursday, followed by snowfall.The slick conditions are disrupting travel for a second straight day. As o
stanley termosar f 8 a.m. ET, Flight Aware reports nearly 3,000 flights within, into or out of the U.S. have been canceled for Friday. More than 5,000 flights were canceled throughout the day on Thursday.In St. Louis on Thursday, harrowing road conditions brought I-70 to a standstill for
