Janet Yellen Shrugs Off Responsibility for Inflation Disaster—Blames “Supply-Side Problems”

The $1.9 Trillion Elephant in the Room

In her exit interview with CNBC, Yellen claimed the $1.9 trillion Covid relief bill championed by the Biden administration was “necessary.” She even had the audacity to tell Americans to remember the “suffering” of the pandemic. What she conveniently left out is how this bloated spending spree created the perfect storm for inflation.

The Federal Reserve pumped money into the economy like water into a leaky ship, and the results were predictable: the dollar’s value plummeted, and prices skyrocketed. Yet, when asked if she regretted her role in this financial debacle, Yellen dodged the question like a seasoned bureaucrat.

Shifting the Blame to “Supply Chains”

Yellen wants you to believe that supply chain issues—not Biden’s reckless stimulus—are the real culprit behind inflation. Sure, supply chains were disrupted. But let’s not forget who made it worse. Biden’s administration imposed stifling regulations that slowed economic recovery while flooding the system with trillions of new dollars.

It’s like setting a house on fire and blaming the wind for spreading the flames. Americans deserve better than excuses from someone who helped ignite the blaze.

The Deficit Dance

When confronted with the reality of ballooning deficits—$1.8 trillion last fiscal year—Yellen brushed it off. Rising interest rates, she argued, are the problem. But who created the debt that triggered those rate hikes in the first place? Yellen and her pals in Washington.

Her claim that “discretionary spending is at historically low levels” is laughable. With trillions poured into pet projects and corporate bailouts, her version of “low spending” looks like fiscal insanity to the average American.

Skeptical of Accountability

Yellen also expressed doubts about President-elect Donald Trump’s Department of Government Efficiency, an advisory group co-led by Elon Musk aiming to slash wasteful spending. Her skepticism is telling. Of course, a career bureaucrat like Yellen would be wary of any attempt to cut the bloated government she’s spent decades protecting.

Her defense of mandatory spending programs like Social Security and Medicare ignores a critical fact: these programs desperately need reform. But reforming anything in Washington is impossible when leaders like Yellen prioritize political survival over fiscal responsibility.

A Comfortable Exit

As Yellen prepares to step down, she leaves behind an America riddled with debt, a collapsing dollar, and a middle class barely scraping by. Her replacement, hedge-fund executive Scott Bessent, might bring market experience, but let’s not forget he’s stepping into a system designed to serve the elites, not you.

Meanwhile, Yellen plans to “reflect” at the Brookings Institution—a think tank bankrolled by the same corporate interests she served as Treasury Secretary. Her “writing and reflecting” won’t lower your grocery bills or bring back the value of your savings.

The Bottom Line

Janet Yellen’s tenure at the Treasury was a masterclass in evasion and mismanagement. She spent four years watching inflation spiral out of control while insisting it wasn’t her fault. Now, she gets to walk away with her reputation intact—at least in the eyes of her elite friends.

For the rest of us, Yellen’s policies have been a disaster. Her excuses won’t pay your bills, and her legacy is one of betrayal. Americans deserve accountability, not empty words from a bureaucrat who failed them.

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