Yellen admits that she was wrong about inflation and that she didn’t fully comprehend supply bottlenecks

Treasury Secretary Janet Yellen admitted that she “was wrong” about inflation during an interview on CNN’s “Situation Room” on Tuesday.

That while “unanticipated and large shocks to the economy” are a part of the reason, she also “didn’t fully understand” supply bottlenecks that have hurt the economy.

“I think I was wrong then about the path that inflation would take,” Yellen said in response to excerpts showing her downplaying the inflation threat in 2021.

She went on to say, “As I mentioned, there have been unanticipated and large shocks to the economy that have boosted energy and food prices, and supply bottlenecks that have affected our economy badly that I didn’t — at the time, didn’t fully understand.”

“But we recognize that now the Federal Reserve is taking the steps that it needs to take. It’s up to them to decide what to do. And for our part, President Biden is focused on supplementing what the Fed does with actions we can take to lower the cost that Americans face for important expenditures they have in their budgets,” Yallen continued.

Janet stated, “Prescription drugs are one example, healthcare costs…utility bills if Congress is willing to pass some of the proposals to boost the use of nonrenewables, I think that can serve to bring down an important cost that households face.”

“He realizes, we all realize what an important and huge burden inflation is placing on American households,” She concluded.

 

21 Responses

    1. Then she shouldnt be Sec. of the Treasury if she is clueless! All the dimwits in the branden REGIME are such sickening morons. I could do a better job!

  1. This is what happens when children and traitors to our country are in charge. Complete disgrace to our country.

  2. We have a bunch of idiots in positions they never should have been put in!! We need people that know what they are doing not people put in positions because of who they know!!

  3. Wow, no mention 0f fuel or heating oil??? That rights , we have to be the only place in the world that can not use our natural resource / Its black not pretty green. Be dammed if I will put people before my GREEN WORLD !!!! Hears the real deal. I do not care about Americans. Fact look at my actions. Myself and dems can fly and use all the fuel we want for nothing. Just look at our guru Kerry. He getting er done so to say. Ever see the movie JOE BLACK ? there’s your clue or sign. I’AM JOE no more need be said::::::::::::::: After a hard day I will spend some fuel and take a dune buggy ride along Delaware Beach with 8 or 10 ??? following behind in some sort of gas guzzlers.

  4. Elections have consequences.
    Crooked elections have the most evil and destructive consequences against the people, the Constitution and the world.
    Bye bye USA if this fraud continues.
    Pray for the USA and the world.

  5. OPEN THE XL PIPELINE – BEGIN DRILLING WITH VIGOR!!!! STOP ALL THIS POLITICS AND PUNISHMENT OF THE CITIZENS OF AMERICA – SUPPOSEDLY THE LAND OF THE FREE AND THE HOME OF THE BRAVE!!!! ARREST, PROSECUTE, PUNISH TO THE ENTH DEGREE THOSE WHO HAVE DEVASTATED OUR ECONOMY, OUR FREEDOMS AND OUR HOMELAND !!!!! THE HOUSE AND SENATE NEED TO BE PROACTIVE AND DO THEIR WORK – THEY ARE SUPPOSED TO REPRESENT THE PEOPLE, CITIZENS, MIGHT I ADD, THE TAXPAYERS !!!! THE EXECUTIVE BRANCH IS NOT TO MAKE AUTHORITARIAN LAWS AND ENDLESS MANDATES – EXECUTIVE BRANCH IS SUPPOSED TO SEE THE LAWS AND BRANCHES ARE DOING THE LEGITMATE WORK ASSIGNED. THE JUDICIAL BRANCH IS TO SEE THAT THE LAWS ARE LEGAL, WITHIN LEGALITY, IMPLEMENTED AND CONTINUE TO BE EFFECTIVELY AND EFFICIENTLY CARRIED OUT IN SOCIETY!!!!

  6. You took an oath & did what you were told to do, now your are left holding the bag. You are so naïve to believe that you will follow those who are destroying what was once a free country and they will take care of you. They will use you again & again until they are done with you that is when you will disappear like many others.
    It is sad that you cannot see the forest for the trees
    Prayers are needed for this country & followers like you

  7. When you have gotten to that level you have no excuses. There are too people that know what you should have gone to!

    ABSOLUTELY NO EXCUSE!!!

  8. Just another member of the socialist communist democratic party. What they are doing to our country is intentional. It all started on DAY ONE when Dementia Joe signed a foot high stack of executive orders that he was incapable of writing. He has never written an executive order. He is in stage 6 of 7 with his dementia. Look up “Biden Gaffes” on YouTube. Doing #1 and #2 in his pants and in front of people. The writing of executive orders is being done by those who put together the largest and most extensive voter fraud organization ever. They are the acting illegal presidents. THEY ALL COMMITTED TREASON and the punishment for treason is ….

  9. When is she going to resign? We have a complete set of people who are not qualified to advise anyone must less the President of the USA. The president is not capable of making correct decisions. Every time I hear he made a decision, I know we are in trouble.

  10. Biden is useless along with his useless cabinet. He is a criminal along with his family. I don’t know how people can support a criminal. He should not be allowed to receive holy communion in the catholic church since he supports abortion. Biden should be court martialed for his acts in Afghanistan. He only worries about his kick backs. I am not ashamed to speak out or use my name. The United States is in serious problem.

  11. This is a typical response out of someone that doesn’t know what they’re doing, which is the whole Biden regime!

  12. All the thieving Democrooks can strait to hell and take the puppet and all the puppet masters with him!!!!

  13. Clean up America’s Federal Administration. Impeach the idiots that are purposely ruining our country. From the President down, get rid of them all. Their objective is to ruin the country that we love for personal wealth and power. Why are they allowed to do that! Get rid of Wray along with all the arrogant anti-American elite who are working to take down America and get filthy rich doing it.

Leave a Reply

Your email address will not be published.