During a recent appearance on the FOX Business Network, Biden Treasury Secretary Janet Yellen said that she regrets her previous claim that inflation was transitory. Yellen said, “Most forecasters believe we’re on a path where inflation will come down over time.” Just who are these forecasters?
Any economist worth his salt would tell you that inflation is going to head upward. Yellen wanted to say that housing costs flattening will stop inflation. Hogwash! The cost of oil products (gasoline, diesel, etc.) are headed up again. Unleaded regular gasoline has risen over ten percent during the last three months. ...
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