When Progressives Fail, Inflation Edition - WSJ Opinion

“I think I was wrong then about the path that inflation would take,” Treasury Secretary Janet Yellen told CNN on Tuesday, referring to a 2021 comment that there was a “small risk” of inflation.

To those hoping the Fed will get its act together and fix this: remember that Yellen is the former Fed Chair and deeply steeped in the Fed’s way of thinking.

Doesn’t inspire confidence.