(Washington Composite Electric) U.S. Treasury Minister Yellen acknowledged that it made an error judgment last year, thinking that the increase in inflation in the United States was only a temporary phenomenon, so as not to become a continuous problem.She emphasized that suppressing inflation is the priority task of US President Biden, and the Bayeng government supports the Federal Reserve Agency to achieve the operation.
Yellen admits in an interview broadcast on Tuesday (May 31) on Tuesday (May 31) in the United States: "My judgment on the inflation trend was wrong before.Later, the soaring energy and food prices and the bottleneck of supply seriously affected the US economy. At that time, I did not fully understand this. "
Yellen pointed out that the emergence of new crowning strains, China's re -implementation of epidemic prevention blockade, and the invasion of Ukraine in Russia have brought a negative impact on the US economy.The US Treasury spokesman added that these factors were unpredictable 18 months ago.
Yellen said last year that the United States faced the "small risk" of inflation, but the situation was controllable.At that time, the Federal Reserve and White House economists and private analysts also generally believe that the soaring inflation is a brief phenomenon that the economy has begun to recover from the epidemic.However, the problem did not quickly alleviate as expected, and increased after the invasion of Ukraine in Russia.
Yellen on Tuesday at the White House and Biden and Fed Chairman Powell, emphasized that suppressing inflation is the priority task of Biden, and Biden supported the Federal Reserve to take this goal to achieve this goal.
She said that the Biden government is taking relevant measures, including trying to reduce prescription drugs and medical care costs, proposals to promote renewable energy in Congress, etc., to help the Fed reduce inflation rates.
Biden also stated on the same day that the space required to reduce inflation to the Fed will not interfere with this vital task.
Yellen said that the US economy still performs well in other respects, especially the unemployment rate has almost dropped to the lowest level after World War II, but the US economy and employment growth will slow down.She said: "We are in a transition period. When we seek reducing inflation, we will see stable economic growth."
In April of this year, the US core consumer price index (CPI) increased to 6.2%year -on -year, and it is expected to continue to slow.However, Yellen pointed out that because oil prices are still high and European plans to embargo on Russia's oil, "the economy will not be more impact."
Deputy Treasury Secretary: Advance Chinese goods tariffs are to maintain American employment and competitiveness
On the other hand, Aderamo, deputy financial minister of the United States, pointed out that imposing tariffs on Chinese goods is important to maintaining American employment and competitiveness.He emphasized that while dealing with short -term challenges such as inflation, the United States must also respond to long -term economic challenges brought by China.
Adegemo told CNN on Tuesday: "A challenge we have faced for a long time is that because of the unfair approach of China, Americans have lost their jobs and our companies cannot compete."
Bayeng said last week that he was considering canceling some tariffs on China.Some external economists also advocate reducing tariff systems to deal with inflation problems.Dai Qi, a US trade representative, emphasized that the United States must have "strategic" considerations when deciding whether to cancel taxes.
Adegemo said that Biden is committed to reducing prices, including "actively considering how to deal with these tariffs."
He pointed out: "In the end, the decision we made on tariff issues will set a fair competitive environment based on whether this can create a more fair competitive environment, and put American companies and workers in a more favorable position so that American goods can be sold around the world."
