Biden’s treasury sec Janet Yellen says she ‘regrets’ saying inflation was ‘transitory’

During a recent interview with Fox Business' Edward Lawrence, Treasury Secretary Janet Yellen admitted once again that she had been wrong about inflation, this time saying she regretted claiming it would be "transitory."

Yellen noted that while inflation has gone down, the pace at which it is declining has been slower than what the bulk of Americans hoped for.

"In 2021 you did say that inflation was transitory," Lawrence said. "Do you regret saying that now?"