The Biden administration wants you to know that it really “regrets” misleading you by downplaying the effects of inflation for years and allowing it to run rampant.

Treasury Sec. Janet Yellen said on Monday that she regrets saying inflation was transitory back in 2021, a sentiment she expressed in January as well. “I regret saying it was transitory,” Yellen said Monday. “It has come down. But I think transitory means a few weeks or months to most people.”