In Cole Porter’s “Miss Otis Regrets,” the heroine announces that she’s unable to lunch today. Why? She has a good excuse — because she was strung up by a mob for killing “the man who had led her so far astray.”
Now Ms. Yellen regrets. Janet Yellen holds the venerable office of Secretary of the Treasury. Former chairman of the Federal Reserve, Yellen is well qualified for the job and an ostensibly serious person. Yet she has proved unfit for the office, regurgitating administration talking points with an utter lack of seriousness. Inflation — she declared in 2021 that it was “transitory.” Abortion — restricting it would be “very damaging” to the economy. By contrast, she supports the administration’s gusher of “green” spending as constructive. ‘S wonderful.
Ms. Yellen regrets she has revealed herself to be a political hack. “I regret saying [inflation] was transitory,” Yellen said in a March 13 interview on Fox News. “It has come down. But I think transitory means a few weeks or months to most people.” Three years later, it might be worth asking what “transitory” means to her and who suggested she use the term in coordination with the other occupants of the Biden administration clown car.
When Yellen adopted the administration line on inflation being “transitory,” nobody had led Yellen astray. She killed her own reputation. However, she is also able to lunch today. Why anyone should even believe anything she says is not exactly a riddle wrapped in a mystery inside an enigma. No one should.
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