The Treasury Secretary is Under Fire Over Inflation

Inflation is one of many issues the Biden administration does not have the luxury of pretending doesn’t exist.

There’s no amount of spin the White House can put on higher prices and their impacts on Americans. This is a particularly pressing thorn in the administration’s side because of its previous decisions to dismiss inflation.

White House chief of staff Ron Klain infamously wrote off inflation as “high-class problems” on Twitter. Former White House press secretary Jen Psaki (and others in the administration) insisted inflation would be “transitory.”

Even US Treasury Secretary Janet Yellen previously made dismissive comments about inflation. This is now backfiring against her, big time.

ABC News vs. Yellen
On Sunday, Secretary Yellen spoke with ABC News about inflation, both in the United States and across the rest of the world. However, this wasn’t a smooth interview for the treasury secretary by any means.

As a matter of fact, ABC News host George Stephanopoulos pressed Yellen on some of her rhetoric about inflation that just isn’t adding up. For one thing, Yellen previously stated inflation isn’t Biden’s fault because it exists worldwide.

However, what she left out is the reality that America’s May 2022 core inflation rate stood at 6%, while Europe’s core inflation rate was just 4%.

When Stephanopoulos asked the treasury secretary about this, she responded that “energy prices spillover” is a factor in these rates, along with food costs.

This wasn’t the only time the ABC News host pressed Yellen about her untrue statements on inflation. In 2021, the treasury secretary also downplayed inflation as not a serious threat.

When Stephanopoulos asked Yellen if she showed too much optimism regarding inflation last year, she responded by again pointing the finger at Russia’s war against Ukraine.

The treasury secretary’s interview with ABC News follows Biden’s false claims that America has the lowest inflation rates in the world.

Growing Pushback From the Mainstream Media
Not too long ago, Biden openly complained that the media isn’t giving him favorable reviews and coverage. However, even media outlets with left-wing biases can only spin things so far.

Amid raging, nationwide problems, growing numbers of media outlets have begun calling out this administration on inflation.

They’ve also been calling out the falsehoods that Biden, Yellen, and other White House officials continue to spread about increasing prices in America.