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DeepNewz, mobile.
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US Treasury Secretary Janet Yellen acknowledges the rise in costs of goods like rent, attributing them to inflation. Yellen expects rents, a major contributor to inflation, to decrease this year. She expresses regret for previously labeling inflation as 'transitory' and emphasizes the administration's focus on addressing high costs affecting Americans. Yellen dismisses concerns of stagflation, forecasting a cooling of inflation as housing costs decline.
"Yellen says she regrets saying inflation was ‘transitory’" https://t.co/eoVfLF3BGk From the comments: @SecYellen https://t.co/FNJ6np702o "𝘿𝙤𝙚𝙨 𝙨𝙝𝙚 𝙧𝙚𝙜𝙧𝙚𝙩 𝙩𝙝𝙚 𝙨𝙥𝙚𝙖𝙠𝙞𝙣𝙜 𝙛𝙚𝙚𝙨?" https://t.co/BKlBolHnyJ
Yellen told Fox Business News this week that she regrets using the word “transitory” to describe the post-Covid pandemic inflation, framing it as a good-faith prediction gone wrong. This is revisionist history. https://t.co/bNWF9qPeAv
'LASTED LONGER': Biden's treasury secretary opens up about her public predictions on inflation that she got wrong. https://t.co/2uDsc6sfSU https://t.co/iZEmUpgzLL