GOP rips Yellen after botched predictions on inflation
Congressional Republicans breathed fire at Treasury Secretary Janet Yellen this week during testimony in front of both the Senate Finance Committee and the House Ways and Means Committee over soaring inflation that has hit near 40-year highs in the wake of the pandemic. The former Federal Reserve chair admitted last month she’d been wrong on inflation, which could remain at elevated levels into 2023. “Is there a risk of inflation? You responded, ‘I think there’
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