Biden’s Treasury Secretary Confesses
This is unbelievable!
During a recent interview with CNN, President Biden’s Treasury Secretary Janet Yellen shocked Americans and openly admitted that she was “was wrong” about inflation!
Yellen also went as far as saying that she didn’t fully understand supply bottlenecks which ended up harming the economy even more.
In transcript provided by Breitbart, Yellen confessed after watching a video of herself from 2021 downplaying inflation and said, “I think I was wrong then about the path that inflation would take. 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.”
Yellen then said, “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. Prescription drugs is 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.”
