Yellen Says Inflation Could Rise, But Only Temporarily, As Economy Recovers

For months, the White House and Federal Reserve have expected prices to rise as consumer demand rebounds, supply chains struggle to catch up and President Biden's $1.9 trillion stimulus package infuses through the economy. “We have in recent months seen some inflation, and we- at least on a year-over-year basis- will continue, I believe through the rest of the year,…