U.S. Treasury's Yellen: inflation remains elevated but there are encouraging signs

U.S. Treasury Secretary Janet Yellen said on Wednesday that while inflation remained elevated, there were encouraging signs that supply-demand mismatches were easing in many sectors of the economy.

"Over the past two years, we have worked successfully to ease supply chain pressures, and that includes funding pop-up container yards and moving several ports to 24/7 operations," Yellen said in remarks made at an Ultium Cells LLC electric vehicle battery plant under construction near Nashville.

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