Yellen: No Evidence Of Inflationary Pressure From Labour Market

US Treasury Secretary Janet Yellen, speaking on MSNBC's Morning Joe, has stated that there is, "no evidence of inflationary pressure coming from the labor market," following today's jobs report.

• Yellen says, "we're seeing very strong jobs growth," adding that the US economy is, "performing better than any other economy around the world [and] powering global economy as well."
• Yellen also addresses several of the items in Biden's State of the Union speech, saying that the President, "is focused on housing supply," and "wants to make sure housing is affordable for first time buyers."
• At his SOTU, Biden unveiled a range of proposals to bring down housing costs: “I want to provide an annual tax credit that will give Americans $400 a month for the next two years as mortgage rates come down, to put toward their mortgage when they buy a first home or trade up for a little more space. That’s for two years.”
• In a separate interview this morning with CNN, Yellen says: "Biden's top priority is relieving high prices, high cost of living."
• More analysis on Biden's SOTU can be found in today's edition of the MNI US Daily Brief.