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“Janet Yellen: Covid stimulus may have contributed ‘a little bit’ to inflation”

“Treasury Secretary Janet Yellen said that Biden-era stimulus spending may have contributed “a little bit” to the country’s subsequent inflation woes.

But the widespread rise in prices was mostly “a supply-side phenomenon” caused by the Covid-19 pandemic itself, Yellen told CNBC in an exit interview.

Asked about President-elect Donald Trump’s government waste-cutting advisory group co-led by Elon Musk, Yellen sounded skeptical.

Yellen is set to be replaced by hedge-fund executive Scott Bessent, Trump’s pick to lead the Treasury Department….”

https://www.cnbc.com/2025/01/08/janet-yellen-covid-stimulus-inflation-biden-trump.html

May have? A little bit? You mean it did and a lot. The supply chain issue was just the cherry on top. Well at least the truth is starting to come out. can’t hide it forever.

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