FILE – This June 4, 2021 file photo shows Treasury Secretary Janet Yellen ahead of her meeting with Germany’s Finance Minister Olaf Scholz, as finance ministers from across the G7 nations meet at Lancaster House in London. Yellen assured Congress on Wednesday, June 16, that the Biden administration is monitoring the recent jump in inflation very carefully but still believes the increase will prove temporary. (Daniel Leal-Olivas/Pool Photo via AP, File)