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Treasury Secretary Janet Yellen faced a brutal backlash on social media this week after the blamed record-high inflation on the spending habits of average Americans.
“Can you explain how inflation got so high?” asked Colbert.
“We put policies in place that generated a very rapid recovery,” began Yellen.
“The pandemic had special impacts on the economy… Americans splurged on goods!”
Watch Yellen’s comments above.
December 01, 2022 at 10:13AM - The First
DESPICABLE: Treasury Secretary Blames AMERICAN PEOPLE for Inflation
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