Treasury Secretary Expresses Regret for Calling Inflation Transitory
Treasury Secretary Janet Yellen is expressing “regret” for how she chose to describe inflation. During an interview with Fox Business on Wednesday, Yellen was asked, “In 2021, You did say inflation was transitory, do…
Treasury Secretary Janet Yellen is expressing “regret” for how she chose to describe Inflation.
During an interview with Fox Business on Wednesday, Yellen was asked, “In 2021, You did say Inflation was transitory, do you regret saying that now?”
“I do regret saying it was transitory,” she replied.
Yellen added, “ has come down. But I think transitory means a few weeks or months to most people.”
Watch the video below:
Yellen’s interview comes as the pace of Inflation has hovered well above the Federal Reserve’s target rate for most of President Joe Biden’s time in office.
In February, Inflation rose at an annual rate of 3.2%