Yellen: 'I Was Wrong' about Inflation, 'Didn't Fully Understand' Supply Bottlenecks

During an interview aired on Tuesday's broadcast of CNN's "Situation Room," Treasury Secretary Janet Yellen admitted that she "was wrong" about inflation and that while "unanticipated and large shocks to the economy" are a part of the reason, she also "didn't fully understand" supply bottlenecks that have hurt the economy.