US Treasury Sec. Yellen: US inflation remains unacceptably high

US Treasury Secretary Janet Yellen said on Thursday that inflation in the US remains unacceptably high and added that bringing it down is US President Joe Biden administration's top priority, as reported by Reuters.

Additional takeaways

"Russia's war in Ukraine causing negative spillover effects around the world, particularly on higher energy prices and rising food insecurity."

"International community must be clear-eyed in holding Russian President Putin accountable for global economic and humanitarian consequences of war in Ukraine."

"Representatives of Putin regime have no place at G20 forum."

"Price cap on Russian oil would limit revenues for Putin's war machine, help maintain global oil supply."

Market reaction

These comments don't seem to be having a noticeable impact on the greenback's performance against its rivals. As of writing, the US Dollar Index was up 0.45% on the day at 108.50.