DESPICABLE: Treasury Secretary Blames AMERICAN PEOPLE for Inflation

Treasury Secretary Janet Yellen faced a brutal backlash on social media this week after the blamed record-high inflation on the spending habits of average Americans.

“Can you explain how inflation got so high?” asked Colbert.

“We put policies in place that generated a very rapid recovery,” began Yellen.

“The pandemic had special impacts on the economy… Americans splurged on goods!”

Watch Yellen’s comments above.