Janet Yellen Says the Real Reason Inflation is Out of Control is Because Americans Are ‘Splurging’ on Goods (VIDEO)

Treasury Secretary Janet Yellen on Wednesday evening blamed Americans for record-high inflation.

It isn’t Joe Biden’s fault for spending trillions of dollars in the last year-and-a-half.

It isn’t the Democrats’ fault for passing trillions in spending through the reconciliation (no GOP votes needed).

The real reason for inflation is because Americans ‘splurging’ on goods.

“They were in their homes for a year or more, they wanted to buy grills and office furniture, they were working from home, they suddenly started splurging on goods, buying technology,” Yellen said on Stephen Colbert’s late night show.

The Treasure Secretary said the bottlenecks created supply chain issues.

Yellen also blamed Russia for soaring gas prices and high food prices.


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Cristina began writing for The Gateway Pundit in 2016 and she is now the Associate Editor.

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