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 Biden Administration Cancels $6.1 Billion in Student Debt for 317,000 Amid Fraud Claims READ MORE U.S. Job Openings Decline in November, Indicating Labor Market Shift READ MORE Rethinking Economic Forecasting: Central Banks Address Inflation Prediction Failures READ MORE China's Appetite Paves the Way for Historic Price Rally READ MORE Gold Prices Soar to New Heights Defying Critics READ MORE Add a Comment Cancel replyYour email address will not be published.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