Sec. Janet Yellen: Biden’s ‘Top Priority Is Addressing the Issue of High Costs that Concern So Many Americans’
Reporter: “If you look at month over month, December, January, and February, it showed an increase in inflation. Is inflation coming back?”
Yellen: “Well, look, inflation is down almost 2/3 from the high it reached in 2022, and the trend is clearly a favorable one.
I wouldn’t look at, expect this to be a smooth path, month to month, but the trend is clearly favorable. That said, President Biden’s top priority is addressing the issue of high costs that concern so many Americans.”
Thankfully, Biden passed the “Inflation Reduction Act.”
On a more serious note, who thinks we’ll experience multiple waves of inflation like the 1940s and 1970s?
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