During a current look on the FOX Business Network, Biden Treasury Secretary Janet Yellen stated that she regrets her previous claim that inflation was temporal.
That’s rather an admission.
In January of this year, Yellen yielded that Americans are not most likely to see rates boil down whenever quickly, opposing remarks from Biden.
Is somebody slipping reality serum into her coffee?
Transcript by means of Real Clear Politics:
EDWARD LAWRENCE, FOX BUSINESS NETWORK: But, when you discuss rates, the CPI inflation has actually had a 3 in front of it given that July of in 2015. Why is Jamie Dimon incorrect then when he’s stating the worst case is stagflation?
YELLEN: Well, I do not believe we’re visiting stagflation. Many forecasters think we’re on a course where inflation will boil down with time.
The single greatest factor to inflation is real estate expenses. And we can see, when we take a look at the marketplace for brand-new rental homes, that, in numerous parts of the nation, rental costs for brand-new homes have really decreased in general, flat to somewhat down. It takes a while for that to filter into the CPI.
And so I have every expectation that the single biggest factor to it, to inflation is going to be moving down over this year.
LAWRENCE: And that will bring the rest of it with it. You– in 2021, however, you did state that inflation was temporal. Do you be sorry for stating that now?
YELLEN: I are sorry for stating it was temporal. It has actually boiled down, however I believe temporal indicates a couple of weeks or months to many people, which– it’s lasted longer than that.
Watch the video listed below:
NEW– Yellen on inflation: “I are sorry for stating it was temporal.” pic.twitter.com/zYgpGzuGS6
— Disclose.tv (@disclosetv) March 13, 2024
Oh, hello, everybody makes errors? No big deal. Absolutely nothing actually lost other than the American standard of life. https://t.co/gi4yKESdoX
— Jeffrey A Tucker (@jeffreyatucker) March 13, 2024
Do you believe anybody in the media will act on this remark with a concern for Joe Biden?
The post TOO LATE: Biden Treasury Secretary Janet Yellen Says She Regrets Saying That Inflation Was ‘Transitory’ (VIDEO) appeared initially on The Gateway Pundit
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