Power Breakfast: Treasury Secretary Janet Yellen Admits She Was Wrong About Inflation Threat

At the meeting of Joe Biden and Jerome Powell, Treasury Secretary Janet Yellen admits she was ‘wrong’ about inflation threat. On the other hand, mixed signals are being seen from the global markets. There has been a pause on the rise of the last 6 days in the US markets. Dow has closed by slipping 220 points. Apart from this, Nasdaq has also seen a decline of 0.5%. The 10-year bond yield has risen to near 2.85%.