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.
That admission came during an interview with the Wall Street Journal‘s editor in chief Matt Murray. The video clip below is cued to start with the question he asked that led to her admission. The relevant portion of the exchange starts at the 7:30 mark and takes place in less than a minute.
In her continuing remarks, she point to other factors that contribute to today’s high inflation, which the Biden administration has blamed for