Yellen and Democrats Face Criticism for Stance on Inflation
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Yellen and the Biden administration dismissed inflation concerns and downplayed predictions from economists to pass massive spending bills.
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They ignored clear warning signs of rising inflation in 2021 to focus on their policy agenda before the 2022 midterms.
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After inflation rose sharply, they cynically rebranded bills as "inflation reduction" and made baseless claims the bills would reduce inflation.
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Yellen's claim she simply misjudged inflation is revisionist history given the facts show a concerted effort by Democrats to ignore inflation.
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Like the 2012 Russia reset, Yellen and Democrats won't face consequences for getting inflation so wrong and offer hollow apologies.