US Treasury Secretary Janet Yellen admits that she was wrong about inflation

U.S. Treasury Secretary Janet Yellen walks back transitory inflation claims: 'I regret saying it' After predicting in 2021 that inflation would be "transitory" Yellen admitted her "regret" as "it's lasted longer than" a few weeks or months.

Treasury Secretary Janet Yellen said inflation was a "small risk" and manageable. It marked a reversal from her remarks a year ago, when she described inflation as a "manageable" and "small" Yellen's comments come a year after she called inflation a'small risk' and 'a small risk'