"Janet Yellen Regrets 'Transitory' Inflation Claim, Expects Rent to Ease"

U.S. Treasury Secretary Janet Yellen admitted in an interview that she regrets claiming inflation was transitory, acknowledging that it has lasted longer than expected. Yellen's earlier prediction of transitory inflation was proven wrong as inflation surged to 9.1%, the highest in four decades. She now recognizes the ongoing financial strain in housing and rent markets, but remains hopeful that inflation will eventually decrease over time.