Treasury Secretary Admits Biden Spending Programs “Feed” Inflation

Source: Independent Institute
by Craig Eyermann

“Last week, Treasury Secretary Janet Yellen became the first member of President Biden’s administration to acknowledge its spending policies are feeding inflation in the U.S. economy. … Yellen is an Ivy League economist and former Federal Reserve Chair. She should have known better. She probably did, but signed off on Joe Biden’s excessive spending plans anyway, minimizing its role in generating today’s high inflation. In doing so, she’s dug both herself and President Biden into a deep credibility hole.” (05/11/22)