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Yellen stated that inflation remains a key challenge, the U.S. labor market is performing well, and the Middle East conflict has a limited economic impact.
Former US Treasury Secretary and Federal Reserve Chair Janet Yellen stated that the US labor market is functioning well and is no longer overheating to the point of fueling inflation. She added that she was surprised by the limited economic impact of the Middle East conflict and rising oil prices. Yellen noted that the biggest challenge remains bringing down inflation without damaging the economy.
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