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The CPI inflation report showed a higher than expected rise in inflation, but Yellen says the trend is still moving in a favorable direction.

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Yellen says she regrets saying inflation was ‘transitory’

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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.

Media Miss by the Left

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Left 8%

Center 8%

Right 85%

Bias Distribution

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Far
Left

+0

Left

+0

Lean
Left

+0

Center

+0

Lean
Right

+0

Right

+0

Far
Right

+0

Untracked Bias

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15 other sources covering this story

Total News Sources

15

Leaning Left

1

Center

1

Leaning Right

11

Last Updated

1 month ago

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