Yellen comments on inflation, China ties

Treasury Secretary Janet Yellen stated on Monday that the US is making “considerable progress” in reducing inflation, which is particularly noteworthy given the strength of the labour market.

The government’s consumer price index measures annual inflation, which fell to 3.2% in October from a peak of over 9% in 2022 as a result of the Federal Reserve’s aggressive campaign of interest rate increases to reduce price pressures.

Americans continue to witness price increases for food and other essentials, and they are concerned about social media and privacy issues. There is still a problem with this. “I believe we are reducing inflation and making significant progress,” Yellen continued. Yellen also noted that the higher interest rate environment does pose additional challenges for debt reduction.


Yellen stated that China and the US both understand they have a chance to collaborate. Furthermore, she emphasized that Biden conveyed to China’s XI that Taiwan policy remains unchanged. She talked about problems with Chinese investment in the US.

Key Quotes

Biden administration making investments that will improve conditions in many parts of the country.

Americans still seeing increases in some important prices including food.

We cannot allow Ukraine to lose battle on the homefront.

Ukraine is utterly dependent on US aid

Israel urgently needs aid as well.

Aid is important for US national security.

We need to be fiscally responsible and sustainable path for spending and taxation.