Published 2 months ago

Yellen says she regrets saying inflation was ‘transitory’

Treasury Secretary Janet Yellen recently commented on the state of inflation, stating that it is down almost two-thirds from its high in 2022 and that the trend is favorable, although not necessarily smooth.
The recent CPI inflation report showed a higher than expected rise in inflation, but Yellen emphasized that the trend is still moving in a favorable direction.
The primary contributor to inflation is currently housing costs, and Yellen believes that rental prices for new apartments will decrease overall, which should help lower inflation.

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Globo

Yellen says interest rates should not return to pre-pandemic levels

The U.S. Treasury Secretary spoke in Kentucky about how inflation reduction policies and measures by Joe Biden's government have helped the American economy grow.

2 months ago·Brazil

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The Hill

Yellen says she regrets saying inflation was ‘transitory’

Treasury Secretary Janet Yellen said she regrets describing inflation in 2021 as “transitory,” the term several Federal Reserve and Biden administration officials used to describe the pandemic-induced price surges they initially thought would be temporary. “I regret saying it was transitory. It has come down. But I think transitory means a few weeks or months…

2 months ago·Washington, United States

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The Epoch Times

Yellen Says She Regrets Pushing the ‘Transitory’ Inflation Narrative as Price Pressures Tick Up

A day after the latest inflation data came in hotter than expected, Treasury Secretary Janet Yellen said the path to relieving price pressures will be bumpy and expressed regret for being one of many Biden administration officials who repeatedly insisted that inflation would be “transitory.” The consumer price index (CPI), a measure of retail inflation, came in at a 3.2 percent in February, above consensus estimates and up from 3.1 percent in th…

2 months ago·New York, United States

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Bloomberg

Yellen Says Rates ‘Unlikely’ To Return To Pre-Covid Levels

US Treasury Secretary Janet Yellen said it’s “unlikely” that market interest rates will return to levels that prevailed before the Covid-19 pandemic triggered a wave of inflation and higher yields.

2 months ago·United States

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The Gateway Pundit

TOO LATE: Biden Treasury Secretary Janet Yellen Says She Regrets Saying That Inflation Was 'Transitory'

During a recent appearance on the FOX Business Network, Biden Treasury Secretary Janet Yellen said that she regrets her previous claim that inflation was transitory.

2 months ago·United States

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