Treasury Secretary Janet Yellen on Sunday said inflation will subside by the end of next year.
“I believe by the end of next year you will see much lower inflation,” Yellen said in a “60 Minutes” interview that aired on Sunday.
In the U.S., inflation is at a 40-year high. Secretary of the Treasury Janet Yellen told 60 Minutes she sees positive signs that many of the underlying causes are being resolved and that by the end of 2023, inflation will be substantially reduced. https://t.co/LUsB5o7P55 pic.twitter.com/kIKfKbLhUW
— 60 Minutes (@60Minutes) December 12, 2022
Recall, Janet Yellen last year called Biden’s inflation crisis “transitory.”
In 2021, Yellen told White House reporters that we can expect short-term inflation.
Inflation rates are at 40-year highs because of Joe Biden’s tax-and-spend policies.
Joe Biden and the Democrats in Congress have spent trillions of dollars in the last one-and-a-half years.
The charts don’t lie.
Joe Biden owns this inflation crisis.