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Treasury Secretary Yellen: ‘The Cause of This Inflation Is the Pandemic’

November 15, 2021

Don’t blame inflation on Washington’s multi-trillion spending spree: “I think it’s important to realize that the cause of this inflation is the pandemic,” Treasury Secretary Janet Yellen told CBS’s “Face the Nation.”

“The pandemic has been calling the shots for the economy and for inflation,” Yellen said in a Friday interview that aired on Sunday:

And if we want to get inflation down, I think continuing to make progress against the pandemic is the most important thing we can do. I think it’s important to realize that the cause of this inflation is the pandemic.

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