U.S. Treasury Secretary Yellen: If recovery is inflationary, there are tools for that

Market news

8 March 2021

U.S. Treasury Secretary Yellen: If recovery is inflationary, there are tools for that

COVID package will not address all long-standing economic problems
This is the package we need to revive our economy to where it was before the pandemic
Resources provided by bill will fuel a strong recovery
K-shaped recovery existed before COVID, now it's worse
Economy could get back to pre-pandemic jobs next year
Don't expect undesirable levels of inflation; will monitor closely

U.S.: Wholesale Inventories, January 1.3% (forecast 1.3%)

U.S. Stocks open: Dow +0.36%, Nasdaq -0.45%, S&P 0.00%

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