Treasury Secretary Janet Yellen has expressed regret over her previous characterization of inflation as 'transitory,' acknowledging her misjudgment amidst ongoing economic challenges. This admission comes after repeated instances where the administration had to revise job numbers downwards and amidst criticism for encouraging significant government spending of $4 trillion. Critics, including political figures and analysts, have pointed to the prolonged impact of inflation on American families and the economy for three years, arguing that the situation was both foreseeable and avoidable. Yellen's comments have sparked a broader discussion on the accuracy of economic predictions and the administration's handling of fiscal policy.
Cartoon of the Day This week, Janet Yellen said she regretted calling inflation 'transitory' while our inflation #Nowcast nailed the #H4L Higher for Longer call. https://t.co/J5GUEbz7Kh https://t.co/QLVRsi7GAv
"Yellen says she regrets saying inflation was ‘transitory’" https://t.co/eoVfLF3BGk From the comments: @SecYellen https://t.co/FNJ6np702o "𝘿𝙤𝙚𝙨 𝙨𝙝𝙚 𝙧𝙚𝙜𝙧𝙚𝙩 𝙩𝙝𝙚 𝙨𝙥𝙚𝙖𝙠𝙞𝙣𝙜 𝙛𝙚𝙚𝙨?" https://t.co/BKlBolHnyJ
Next: Yellen regrets saying soft landing. https://t.co/AOhdxB4iem
‘Higher for Longer’: Yellen Acknowledges U.S. Economic Reality Even Janet Yellen is finally admitting it: the pre-pandemic inflation and interest rate environment won’t return anytime soon. The updated White House budget outlook raised 3-month Treasury rate projections from… https://t.co/ZyyhgEkF1p
Yellen told Fox Business News this week that she regrets using the word “transitory” to describe the post-Covid pandemic inflation, framing it as a good-faith prediction gone wrong. This is revisionist history. https://t.co/bNWF9qPeAv
'LASTED LONGER': Biden's treasury secretary opens up about her public predictions on inflation that she got wrong. https://t.co/2uDsc6sfSU https://t.co/iZEmUpgzLL
Treasury Sec. Janet Yellen said she regrets saying inflation would be "transitory." It's been pinching American families for three years now. President Biden's spending created this crisis. It was foreseeable, and avoidable. Here's every time I predicted what would happen 🔻 https://t.co/EiS750vva4
Inflation was never going to be “transitory.” The American people knew this was a lie as they watched prices soar month after month. “US Treasury Secretary Janet Yellen walks back transitory inflation claims: 'I regret saying it'” https://t.co/UlrDvMcGxR
Janet Yellen has been lying to you for the past 3 years. She will continue to change her story as the economy degrades. The inflation and declining GDP experienced during the Biden Administration are not temporary and have never been temporary. This is because the strategy of…
Janet Yellen has some regrets. Maybe she regrets encouraging the President to spend $4 trillion we didn’t have. Now millions of voters have regrets too. https://t.co/FLSMl8tTOU
Trust the Experts? Janet Yellen 'Regrets' Calling Inflation Transitory and Her Apology Is NOT Accepted https://t.co/hKgbYiz1mg
Don’t fall for the lies of Janet “transitory Inflation” Yellen. Real Wages have PLUNGED under Biden. https://t.co/Ae23rp5Gaw
Biden's Treasury Secretary says she "regrets" saying that inflation was "transitory." Aka she regrets being caught in a lie. This is the same administration who have had to "revise" jobs numbers down 11 out of the last 13 reports... liars. https://t.co/NHuIE1RMpZ