US Treasury Secretary , Predicts Inflation , Will Ease in 2022.<br />On October 29, the Commerce Department <br />reported that consumer prices in September <br />were 4.4% higher than a year ago.<br />According to NPR, that was <br />the sharpest increase since 1991.<br />On November 3, Treasury Secretary <br />Janet Yellen said that she expects inflation<br />to come down in the second half of next year.<br />On November 3, Treasury Secretary <br />Janet Yellen said that she expects inflation<br />to come down in the second half of next year.<br />Yellen said she believes the rise <br />is mostly the result of strong demand <br />for goods overtaxing global supply networks.<br />I expect that next year, many of <br />the supply bottlenecks that we're <br />experiencing now in opening up <br />our economy will recede, Janet Yellen, United States Treasury Secretary, via NPR.<br />Sometime during the second half <br />of the year we'll see inflation rates <br />moving back toward the 2% <br />that we regard as normal, Janet Yellen, United States Treasury Secretary, via NPR.<br />While speaking in Glasgow, Scotland, <br />Yellen called for the private sector <br />to take action against climate change.<br />The gap between what governments <br />have and what the world needs <br />is large, and the private sector <br />needs to play a bigger role, Janet Yellen, United States Treasury Secretary, via NPR.<br />NPR reports that both the U.S. <br />and the U.K. are looking to attract <br />private investments in clean technologies.<br />We're really beginning to see the private <br />sector make the commitments about <br />their own lending that are necessary <br />to achieve ambitious goals, Janet Yellen, United States Treasury Secretary, via NPR
