Yellen says concerned about housing prices but inflation to calm

Friday, July 16, 2021
Yellen says concerned about housing prices but inflation to calm © Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen answers questions during the Senate Appropriations Subcommittee hearing to examine the FY22 budget request for the Treasury Department on Capitol Hill in Washington, DC, U.S., June 23, 2021. Greg Nash/Pool

WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen expressed concerns about housing affordability on Thursday and said she expected several more months of high inflation readings, but it remained transitory, adding that the Federal Reserve was doing a good job under Chair Jerome Powell.

Yellen, in an interview with CNBC, said she also was not certain whether Amazon.com (NASDAQ:AMZN) would meet the profitability threshold for inclusion in a new global reallocation of taxing rights agreed by 132 countries.

The OECD "Pillar 1" tax deal allows countries where large, highly profitable multinationals sell goods and services to tax a portion of their profits. The arrangement would replace national digital services taxes on companies such as Amazon, Google (NASDAQ:GOOGL) and Facebook (NASDAQ:FB).

Yellen said the run-up in U.S. housing prices amid low interest rates and strong demand did not carry the same risks associated with the housing crash of 2008 as lending was being done to creditworthy borrowers.

"It's a very different phenomenon but I do worry about affordability and the pressures, higher housing prices will create for families that are first time homebuyers," Yellen said.

She added that Congress will be considering plans by the Biden administration to boost the supply of affordable housing.

Regarding elevated inflation data, she said she views it as transitory.

"I think we will have several more months of rapid inflation so I'm not saying that this is a one-month phenomenon. But I think over the medium term, we'll see inflation decline back to a normal level. But of course we have to keep a careful eye on it."

Regarding the performance of the Federal Reserve under Powell, she said: "I have a lot of respect for the Federal Reserve and it's important for them to make independent judgments about what's appropriate. I think that the Fed has done a good job."

Leave your comment
03-08-2021 08:19:03 (UTC+7)

EUR/USD

1.1870

+0.0003 (+0.03%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (8)

EUR/USD

1.1870

+0.0003 (+0.03%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (8)

GBP/USD

1.3894

+0.0013 (+0.09%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (7)

USD/JPY

109.29

+0.01 (+0.01%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (1)

Sell (5)

AUD/USD

0.7365

+0.0005 (+0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (9)

USD/CAD

1.2497

-0.0012 (-0.10%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

EUR/JPY

129.74

+0.06 (+0.05%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (3)

EUR/CHF

1.0749

+0.0005 (+0.05%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (3)

Gold Futures

1,813.85

-8.35 (-0.46%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Silver Futures

25.402

-0.173 (-0.68%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (7)

Copper Futures

4.4268

-0.0050 (-0.11%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (10)

Crude Oil WTI Futures

71.53

+0.27 (+0.38%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Brent Oil Futures

73.13

+0.04 (+0.05%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Natural Gas Futures

3.976

+0.016 (+0.40%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

US Coffee C Futures

172.95

-6.60 (-3.68%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Euro Stoxx 50

4,116.62

+27.32 (+0.67%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

S&P 500

4,387.11

-8.15 (-0.19%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (5)

DAX

15,568.73

+24.34 (+0.16%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

FTSE 100

7,081.72

+49.42 (+0.70%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

Hang Seng

26,148.00

+240.00 (+0.93%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (4)

US Small Cap 2000

2,218.51

-7.74 (-0.35%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (2)

IBEX 35

8,758.70

+83.00 (+0.96%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (4)

BASF SE NA O.N.

66.305

-0.005 (-0.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

Bayer AG NA

50.57

+0.21 (+0.42%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

Allianz SE VNA O.N.

194.20

-16.15 (-7.68%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

Adidas AG

318.15

+11.30 (+3.68%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

Deutsche Lufthansa AG

9.531

-0.017 (-0.18%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Siemens AG Class N

135.28

+3.46 (+2.62%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (3)

Deutsche Bank AG

10.510

-0.175 (-1.64%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

 EUR/USD1.1870↑ Sell
 GBP/USD1.3894↑ Sell
 USD/JPY109.29Neutral
 AUD/USD0.7365↑ Sell
 USD/CAD1.2497↑ Buy
 EUR/JPY129.74Neutral
 EUR/CHF1.0749Sell
 Gold1,813.85↑ Sell
 Silver25.402↑ Sell
 Copper4.4268↑ Sell
 Crude Oil WTI71.53↑ Sell
 Brent Oil73.13↑ Sell
 Natural Gas3.976↑ Buy
 US Coffee C172.95↑ Sell
 Euro Stoxx 504,116.62↑ Sell
 S&P 5004,387.11Sell
 DAX15,568.73↑ Sell
 FTSE 1007,081.72↑ Sell
 Hang Seng26,148.00Sell
 Small Cap 20002,218.51Buy
 IBEX 358,758.70Neutral
 BASF66.305↑ Sell
 Bayer50.57↑ Sell
 Allianz194.20↑ Buy
 Adidas318.15↑ Buy
 Lufthansa9.531↑ Sell
 Siemens AG135.28Buy
 Deutsche Bank AG10.510↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,660/ 5,720
(5,660/ 5,720) # 643
SJC HCM5,650/ 5,720
(0/ 0) # 693
SJC Hanoi5,650/ 5,722
(0/ 0) # 695
SJC Danang5,650/ 5,722
(0/ 0) # 695
SJC Nhatrang5,650/ 5,722
(0/ 0) # 695
SJC Cantho5,650/ 5,722
(0/ 0) # 695
Cập nhật 03-08-2021 08:19:05
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,810.49-3.27-0.18%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2178022210
RON 95-II,III2168022110
E5 RON 92-II2049020890
DO 0.05S1637016690
DO 0,001S-V1672017050
Dầu hỏa1539015690
ↂ Giá dầu thô thế giới
WTI$71.21-0.15-0.21%
Brent$73.0000.01%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.820,0023.050,00
EUR26.546,4127.927,80
GBP31.098,6932.397,78
JPY204,02214,72
KRW17,2420,99
Cập nhật lúc 08:13:35 03/08/2021
Xem bảng tỷ giá hối đoái