US Treasury Sec. Yellen: Inflationary pressures to normalize in second half of next year.

Expect price increases to normalize in the second half of next year.

Hopeful and fully expects Congress to pass both infrastructure bill and larger spending bill.

We should focus on what is in the social and climate spending bill, not what fell out.

Spending bill includes very important investments to address the existential threat of climate change.

Spending in both measures is fully paid for and will occur gradually over almost a decade.

Still sees inflation as temporary, but doesn't mean a month or two.

Expect energy prices to begin to moderate in the months ahead.

Unemployment is expected to fall further in the months ahead.

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