Oh, it's our fault now, Janet? Talk about gaslighting in extremis.
FOX News: Janet Yellen blames Americans' 'splurging' for record-high inflation.
Treasury Secretary Janet Yellen blamed consumers' excessive spending habits as a primary cause for the near 40-year-high in inflation on Wednesday.
The Biden official appeared on "The Late Show with Stephen Colbert," where she was asked about the price increases that have plagued the U.S. for more than a year.
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Yellen argued the administration managed the COVID-19 pandemic so well that consumers felt comfortable to "splurge" on goods.
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Instead, people spent more money on "grills," "technology" and office equipment as they were working from home.
"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," she claimed, which led to supply chain "bottlenecks."
Later in the interview, Yellen also blamed Russia for the increase in food and gas prices.
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