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Yellen Admits Error on Inflation
[MSN] Treasury Secretary Janet Yellen told CNBC that the White House has several strategies that will reduce inflation she conceded is too high for Americans.In a separate interview Tuesday, Yellen admitted she was wrong when she called inflation "transitory" last year. back in Feb 2021, Yellen backed Biden's $1.9T bill saying it wasn't inflationary - then in April 2021 she said, 'we have the tools to prevent inflation', then in May 2021 she said 'it will be transitory'. She also said that abortions reduce inflation. I can't find any quotes of hers pretending that the Build Back Better bill would reduce inflation so - assuming that is correct, at least she got one small thing right Related: Janet Yellen: 2022-04-14 Ukrainian Perspective: Invasion of Ukraine: April 13th, 2022 Janet Yellen: 2022-03-26 From the Ukrainian perspective: Russian invasion of Ukraine, March 26th, 2022 Janet Yellen: 2022-03-12 Treasury secretary warns of 'very uncomfortably high' inflation for next year Posted by: lord garth 2022-06-02 |
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