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 […]
We’ve Seen Transitory Inflation Elements Fade, We’ll Need More Rate Hikes
Harvard professor and economist, director of the National Economic Council under President Barack Obama and Secretary of the Treasury under President Bill Clinton, said in an interview televised on Bloomberg’s Friday program Wall Street Week. Larry Summers, who served, predicted that the Federal Reserve would have to raise rates. We also find that the temporary […]
Breitbart Business Digest: Inflation’s Resurgence Isn’t Transitory
US manufacturing report shows inflation rising The spike in inflation seen in January appears to be more persistent than expected. When inflation rose sharply in January, many analysts were quick to dismiss it as a seasonal fluke or a temporary adjustment due to higher wages and big increases in Social Security benefits. However, according to […]
