Americans will likely see "uncomfortably high" inflation this year, Treasury Secretary Janet Yellen says
CBSN
Treasury Secretary Janet Yellen warned there could be another year of high inflation amid the uncertainty caused by the invasion of Ukraine. Prices have soared at their fastest pace in 40 years over the last 12 months.
"We're likely to see another year in which 12-month inflation numbers remain very uncomfortably high," Yellen said in an interview with CNBC. Yellen, who previously said she expected rising prices to ease in the second half of the year, said Thursday she does not want to make a prediction about the second half of this year.
The latest data from the Labor Department show consumer prices climbed 7.9% in February from a year ago, the largest annual increase since January 1982. Prices were up 0.8% last month, an acceleration from January as energy prices spiked with the Russia-Ukraine crisis.
Ashley White received her earliest combat action badge from the United States Army soon after the first lieutenant arrived in Afghanistan. The silver military award, recognizing soldiers who've been personally engaged by an attacker during conflict, was considered an achievement in and of itself as well as an affirming rite of passage for the newly deployed. White had earned it for using her own body to shield a group of civilian women and children from gunfire that broke out in the midst of her third mission in Kandahar province. All of them survived. She never mentioned the badge to anyone in her battalion.
The knock at the door came at nighttime on Mother's Day 2008 in Oregon, where Jessica Ellis' parents lived. It was around 9:20 p.m. and his wife, Linda, was already in bed; her father Steve Ellis told CBS News, that he thought someone let their animals out — but two soldiers in Class A uniforms were standing at the door.