Reversing the Biden disaster will take more than two months

Former Treasury Secretary Janet Yellen is perhaps best remembered for repeatedly insisting that the persistent inflation plaguing the Biden administration was merely “transitory” — right up until the day she declared she was “ready to retire the word transitory.”

Speaking at the Wall Street Journal’s CEO summit in December 2024, Yellen expressed regret over the administration’s lack of progress in reducing the national debt “especially now that we’re in an environment of higher interest rates.”