The writer is former Chair of the FDIC and former Assistant Secretary of the U.S. Treasury for Financial Institutions.
In today’s society, finger pointing has replaced accountability. Instead of owning up to our shortcomings, we increasingly want to blame others. So it was refreshing that in a recent CNN interview, Janet Yellen, the first female U.S. Treasury Secretary, said that she had been wrong in her early predictions that inflation would be transitory.
With welcome candor, she admitted…
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