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 SEC Chair Gensler Advocates for Accelerated Settlement in Currency Markets READ MORE Brazil Nearly Eradicates Illegal Gold Mining in Yanomami Territory READ MORE Nvidia Faces $900 Billion Loss Amid AI Investment Uncertainty READ MORE Incrementum: Monthly Gold Compass February 2024 READ MORE 446 Days and Counting: Recession Signal Fails to Predict Economic Downturn READ MORE Add a Comment Cancel replyYour email address will not be published.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