US Treasury Secretary Janet Yellen said the US is facing unsustainable inflation.

“A proper fiscal stance is needed to help prevent inflationary pressures without hurting the economy,” Yellen was quoted as saying in comments during a Senate Finance Committee hearing.

She added: “We are seeing high inflation in almost every developed country in the world that has very different government spending policies, so it cannot be that the bulk of the inflation we see reflects US influence. the rescue”.

And she added: “We are currently facing challenges on the macroeconomic front, including unsustainable inflation, as well as the negative impact associated with supply chain disruptions as a result of the pandemic’s impact and the consequences of disruptions in the oil and food industries. markets.”

And the US Treasury Secretary pointed out that “in order to stabilize inflationary pressures without hurting the strength of the labor market, an appropriate fiscal position is needed to complete the monetary policy measures taken by the Federal Reserve.”