Former Obama Economist Says ‘Team Transitory Proved Dead Wrong’ in 2021 | Newsbusters

Summers slapped the Fed for repeatedly calling inflation “transitory” in speeches. But the Fed wasn’t the only one that got it wrong on inflation. White House Press Secretary Jen Psaki cited “economic experts” as recently as May 2021 who she claimed stated that inflation would be “temporary, transitory. However you want to refer to it.”