Fed governor Lael Brainard also maintains some support inside the administration for the Fed chair job.
The duo plans to address fears that the real estate market is experiencing a pricing bubble.
The Clinton administration Treasury secretary urged policy makers to be cautious.
Winning lawmakers' support for the administration's plans for tax and spending increases will be a challenge.
Treasury Secretary Janet Yellen has argued for an ambitious effort to end a global “race to the bottom” on company taxes.
The OECD has discussed a 12.5% rate, while the White House has aimed higher.
The U.S. Chamber of Commerce is unlikely to support radical changes to tax policy.
The Treasury Secretary's comments will fuel the debate over whether President Biden's spending plans could spur a surge in price pressures.
Inflation before the pandemic “was too low rather than too high,” she noted.
The letter’s signatories included several past supporters of former President Donald Trump.
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