Economics
Yellen Clarifies Inflation Remark, Sees No Need for Fed to Hike
- Treasury chief says she wasn’t predicting rate hikes
- Yellen ruffled financial markets earlier with remarks
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Treasury Secretary Janet Yellen said Tuesday afternoon she wasn’t forecasting interest-rate increases to rein in any inflation spurred by President Joe Biden’s proposed spending, clarifying comments that ruffled financial markets a few hours earlier.