US Treasury Secretary Janet Yellen said in an interview on Bloomberg TV on Friday that it is worth considering steps to lower US tariffs on Chinese goods in order to ease inflation, and that there would be some "desirable effects" of lowering tariffs. 

Speaking in a CNBC interview earlier in the day, Yellen stated on Friday that the US economy is being very resilient in the face of a set of shocks and noted that inflation may have peaked, but that Russia's invasion of Ukraine will prolong inflationary pressures.