NewsMaxFinance/Michael Busler/6-6-2022
“Secretary of the Treasury Janet Yellen has been on a media apology tour admitted that she was wrong last year when she said that inflation is “not a problem,” a “small risk” and “manageable.” Not only was she wrong about inflation, but she was also wrong about other policies. Her inaccuracies have contributed to policies that have made our severe inflation problem worse.”
USAGOLD note: Busler, a public policy analyst and professor of finance at Stockton University, says Yellen is now wrong that inflation may be descending. Instead, he says, it could be headed for double digits. We will know more on Friday when the BLS releases the May consumer price report.
