Yellen: U.S. faces ‘unacceptable levels of inflation’… JPM: Despite the 50% rise in US gasoline prices, and 88% in EU, there is likely another leg higher due to a lack of global refining capacity.
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen told senators on Tuesday that she expected inflation to remain high and the Biden administration would likely increase the 4.7% inflation forecast for this year in its budget proposal. During a Senate Finance …