Minister of the Treasury Janet Yellen Her inflation forecasts were wrong in statements she made last year as consumer prices began to rise to multi-decade highs, said Tuesday.
“I think I was wrong at the time about the path that inflation was going to take,” Yellen said in an interview with CNN on Tuesday night. “There have been massive and unforeseen shocks to the economy that have driven up food and energy prices as well as supply bottlenecks that have hit our economy so hard that I don’t fully understand at the time. that point.”
https://www.wsj.com/articles/treasury-secretary-yellen-says-she-was-wrong-about-inflation-11654089503?mod=pls_whats_news_us_business_f Treasury Secretary Yellen Says She Was Wrong About Inflation