US Treasury Secretary Says She Was Wrong About Inflation - It's Here to Stay | EWTN News Nightly

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US Treasury Secretary Janet Yellen says she was wrong about inflation. The Treasury Secretary originally said the inflation was only transitory as the nation moved past the pandemic and fought through supply chain issues. However, yesterday Yellen told CNN she recognizes the inflation America is facing is not temporary. Research Fellow at The Catholic University of America, Bob Nugent, joins to talk about inflation being a long-term problem and what the Biden Administration's plan is to get inflation under control. He shares whether he thinks this government-focused approach will be beneficial in easing the pain Americans' pocketbooks are currently feeling. The Federal Reserve is increasing interest rates in order to reduce the inflation. Nugent discusses how long he thinks it will be until Americans see any change in prices. He fills us in on what else he is following. EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf