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 Gold and Bitcoin Surge: Signals Time for a New Gold Standard? READ MORE Silver Institute: Global Silver Demand Forecasted to Rise to 1.2 Billion Ounces In 2024 READ MORE Ukrainian Drones Strike Deep into Russia, Hitting Multiple Air Bases READ MORE Record-Breaking Gold Rally Continues for Eighth Day on Safe-Haven Demand READ MORE Crude Retreats Below $83; U.S. Senate Targets Iranian Oil with New Sanctions READ MORE Add a Comment Cancel replyYour email address will not be published.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