Any Price Increase from Tariffs Would Be ‘Slight,’ ‘Transitory,’ May Not Happen and Inflation Will Fall Overall
On Fox News Channel's “Ingraham Angle” broadcast on Thursday, Treasury Secretary Scott Bessent said he was not convinced that tariffs would raise prices. , you can see a slight increase for a one-time period, and it will be very small” and “ultimate temporary” and inflation will fall across due to other policies. Host Laura Ingraham […]
Janet Yellen regrets saying inflation was transitory
Treasury Secretary Janet Yellen said she regretted saying inflation was temporary. “I regret saying it was temporary,” she said. Said. “Things are calming down,” she added, but she said she thinks temporary means just a few weeks or months for most people. In response to a clip of Yellen’s comments, Republican Sen. Bill Hagerty of […]
Yellen says she regrets saying inflation was ‘transitory’
Treasury Secretary Janet Yellen said she regrets describing 2021’s inflation as “temporary.” The term was used by several Federal Reserve and Biden administration officials to describe the pandemic-induced price increases, which they initially thought were temporary. “I’m sorry that I said it was temporary. It’s gone down. But I think for most people, temporary means […]
Powell Concedes Inflation Wasn’t ‘Transitory’ After All
Federal Reserve Chairman Jerome Powell admitted he was wrong to expect inflation to be temporary when it started rising three years ago. “The fourth quarter of 2021 made it clear that inflation is not a transitory phenomenon,” Powell said on a rare television show. interview It will be broadcast on CBS’ 60 Minutes program on […]