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Former US Treasury Secretary and Federal Reserve Chairman Janet Yellen said that the US labor market is running well, and the heat is not enough to drive up inflation. She added that she was surprised that the economic impact of the Middle East conflict and higher oil prices was so limited. Yellen said that the biggest challenge remains to keep inflation down without harming the economy.

Zhitongcaijing·08/05/2026 15:25:30
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Former US Treasury Secretary and Federal Reserve Chairman Janet Yellen said that the US labor market is running well, and the heat is not enough to drive up inflation. She added that she was surprised that the economic impact of the Middle East conflict and higher oil prices was so limited. Yellen said that the biggest challenge remains to keep inflation down without harming the economy.