Yellen’s comments on inflation spark confusion, clarification
She says she is not concerned about inflation and stresses she was not predicting or recommending an imminent hike in rates.
By Jeff SteinThe Washington Post
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WASHINGTON – Treasury Secretary Janet Yellen insisted Tuesday that she is not concerned about the risks of economic overheating hours after her earlier comments about inflation caused a brief panic on Wall Street and invited fresh scrutiny about the White House’s position.
Janet Yellen
The confusion sparked by the usually carefully measured treasury chief showed the delicate situation the Biden administration confronts as it seeks to continue ramping up government spending at a time when the economy appears to be growing much faster than many had projected.
Study: Maryland has the 10th slowest recovery from the pandemic
@BryanRenbaum
Maryland ranks near the bottom among states in terms of the pace of its recovery from the coronavirus pandemic, according to a recent study.
The WalletHub study was released on Tuesday. It said that Maryland is the state with the 10th slowest recovery from COVID-19. South Dakota has the fastest recovery of any state and Michigan has the slowest recovery of any state. Minnesota, West Virginia, Rhode Island, Washington, D.C., Delaware, Pennsylvania, New York, and New Jersey are the other states/jurisdictions that have slower recoveries than Maryland.
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