Treasury Secretary Janet Yellen has expressed regret over her previous characterization of inflation as 'transitory,' acknowledging her misjudgment amidst ongoing economic challenges. This admission comes after repeated instances where the administration had to revise job numbers downwards and amidst criticism for encouraging significant government spending of $4 trillion. Critics, including political figures and analysts, have pointed to the prolonged impact of inflation on American families and the economy for three years, arguing that the situation was both foreseeable and avoidable. Yellen's comments have sparked a broader discussion on the accuracy of economic predictions and the administration's handling of fiscal policy.