What Is 'Transitory' Inflation, and When Will Prices Come Down? - NewsBreak

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By Suzana in Business
Updated 3 years ago

Treasury Secretary Janet Yellen weighed in on Americans' growing concerns about inflation this week, telling CBS Evening News she believes the increased prices are "transitory.". But not everyone agrees. Raphael Bostic, the president of the Atlanta Federal Reserve, said Tuesday that he's no longer using the term "transitory" to describe...

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