US Treasury Sec. Yellen: Most measures of inflation expectations remain well-anchored

Responding to a question of whether inflation trends are transitory, US Treasury Secretary Janet Yellen said on Tuesday she believes that is the case due to supply bottlenecks, as reported by Reuters.

Additional takeaways

"It is a bumpy path to reopening but the economy is on a good track."

"Most measures of inflation expectations remain well-anchored."

"Inflation expectations are going further out than a year is very stable in the neighborhood of 2%."

Market reaction

These comments don't seem to be having a significant impact on the USD's performance against its rivals. As of writing, the US Dollar Index was up 0.1% on the day at 91.80.