ICYMI – Yellen spoke Thursday on inflation, China tariffs

US Treasury Secretary Yellen spoke On Thursday. In her remarks were comments on inflation and China.

Yellen firmly stepping into election territory here:

• Biden understands struggles of American households with higher costs
  for housing, basic necessities
• Biden wants to cut
  taxes for hardworking families through expansion of child tax credit
• Biden has made
  affordability a top priority

And, on China:

• Believes new tariffs on Chinese goods are highly strategic
• It was inappropriate
  to remove US tariffs on China since they have not addressed US
  concerns

China will remain a whipping boy right through until the election. On both sides:

This article was written by Eamonn Sheridan at www.forexlive.com.