Yellen Says She Regrets Saying Inflation Was ‘Transitory’ Treasury Secretary Janet Yellen has expressed regret for previously labeling the 2021 inflation spike as “transitory.” This term, used by both Federal Reserve and Biden administration officials, was meant to indicate that the pandemic-induced price increases would be short-lived. Yellen admitted in a FOX Business Network interview that “transitory” may have been interpreted by the public to mean a matter of weeks or months, acknowledging that the situation has extended beyond those expectations. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gary Shilling: The U.S. Economy Still Faces a Recession Risk READ MORE Options Markets Signal Investor Unease Ahead of Pivotal Economic Week READ MORE ALERT: Does This Map Signal the Beginning of Nuclear Conflict? READ MORE Crude Oil Rally Continues: Third Weekly Gain as Middle East Tensions Escalate READ MORE Oil Prices Reach 8-Week Highs: U.S. Stockpile Drop and China's Stimulus Fuel Surge READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment