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© UPI - Greg Nash Contrary to recent reports, the present inflationary pressures on the U.S. economy will not metamorphose into wide-spread inflation in the foreseeable future, as they will be mitigated by the slack in the labor market, the Federal Reserve Board, the Department of Treasury and by cheaper imports. In fact, the inflationary pressures of the past few months are normal, even beneficial, in view of the fact that the economy declined by 3.5 percent in 2020. There is no question that the U.S. economy has been experiencing upward price pressures in 2021. For the year ending in March 2021, the inflation rate was 2.6 percent much higher than the 1.6 percent for the year ending February 2021. Furthermore, the Consumer Price Index in March 2021 was 0.6 percent, or 7.2 percent annualized. Viewed through this prism, inflation seems like a run-away train.

United statesJanet yellenDepartment of treasuryFederal reserveFederal reserve boardConsumer price indexFederal reserve chairmanTreasury secretary janetஒன்றுபட்டது மாநிலங்களில்துறை ஆஃப் கருவூலம்கூட்டாட்சியின் இருப்புகூட்டாட்சியின் இருப்பு பலகைநுகர்வோர் ப்ரைஸ் குறியீட்டுகூட்டாட்சியின் இருப்பு தலைவர்கருவூலம் செயலாளர் ஜேனட்