Politico Badly Portrays Yellen as Stealth Inflation Fighter

This past week Secretary of the Treasury Janet Yellen made the surprising admission that she was wrong about inflation. However, days later the Saturday Politico Playbook put a not very subtle shift in blame by headlining that "Yellen admits Biden got inflation wrong."

In addition to shifting inflation blame to Biden and away from Yellen, Politico went even further by portraying Yellen as a sort of secret inflation fighter within the administration. The problem with that spin that contradicts Yellen's own admission is that it relies on a Saturday Bloomberg article about a soon to be released Yellen biography that proclaimed "Yellen Wanted Biden Relief Plan Cut by a Third, Biographer Says" yet skipped the vital parts of the story that counter that claim.

First let us look at Politico Playbook laughably spinning Yellen as a stealth inflation fighter:

Democrats will be arguing over who got what wrong on inflation for years to come. One of the questions about the Biden administration has been whether there was anyone inside offering the president an alternative economic argument about inflation. Evidence of a great debate between competing camps has been slim.

Now Bloomberg reports that in a new book about JANET YELLEN, the Treasury secretary was an early internal dissenter:


Janet Yellen by N/A is licensed under N/A