Name: Ginn: Government Spending Fueling Inflation
Uploaded: 2022-06-02T02:58:07.000Z
Description: Treasury Secretary Janet Yellen on Tuesday admitted to something most Americans have known for months: that she and other top officials last year wrongly assessed the rising inflation.

Jack Bradley is a Washington correspondent for NTD News based in Washington, D.C. Jack previously anchored "NTD Newsroom" and worked as an assistant producer for the show. 

Jack Bradley

NTD Plus

Shows

The Capitol Report is a political news show based in Washington D.C. We provide the world with a direct channel to the voices and people who shape policy in America. Capitol Report features all of the political news of the day with expert interviews and analysis.

Capitol Report

Courts, Congress & the Border: Political Panel Discusses Immigration

David Zhang is a Washington correspondent focusing on national politics and U.S.–China relations. He was previously the host of the California Today and NTD Tonight.

David Zhang

What the People Say: Great American State Fair Opens on National Mall

Moderate Democrat Voters Are Being Chased out of Party Taken Over by Extreme Activists: Panel

DOJ Lawsuit Against NY Over 'Symbolic' Anti-ICE Laws a 'Slam-Dunk': Former Assistant US Attorney

Mari Otsu is NTD's White House correspondent based in Washington. 

Mari Otsu

IAEA Chief: Nuclear Inspections Will Take Place in Iran

Trump Is Putting American Businesses, Workers First, and It's Starting to Show: Panel

Rachel Acenas is an experienced journalist and TV news reporter and anchor covering breaking stories and contributing original news content for NTD's digital team.

Rachel Acenas

News

World News

Middle East

Iran

Trump Dismisses Iran's Rejections of Nuclear Inspections

Steve Lance is NTD's Washington D.C. Bureau Chief and chief political correspondent. Steve anchors NTD's "Capitol Report," a political news show based in the nation's capital aimed at providing a direct channel to the voices and people who shape policy in America. Steve also co-moderates NTD's special election coverage "The Nation Decides."

Steve Lance

Great Housing Supply Created Before 2024, Lighter Demand Caused Prices to Drop: Financial Advisor

Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.

Tom Ozimek

Iris Tao is NTD's White House correspondent based in Washington. Prior to her work at the White House, Iris reported on U.S. politics and U.S.–China relations from NTD’s New York headquarters. She holds degrees in journalism and economics from Boston University.

Iris Tao

Vance Says Iran Agrees to Allow Nuclear Inspectors Back

Core Difference Between MOU and JCPOA Is Application of US Strength, Military Force: National Security Analyst

Trump: Must Stop Cancer of Communism Permeating America; Israel, Lebanon Sign Framework Deal as US Strikes Iran Over Attack

Trump Calls on Congress to Pass SAVE America Act; SCOTUS Greenlights Trump’s Removal of Deportation Protections

GOP Develops Plan to Pass SAVE America Act; Trump: Democratic Socialists Winning NY Primaries Are Really Communist

Trump: Iran Fully Agrees to Highest Level Inspections; DOJ Finds Hundreds of Thousands of Dead Voters

Iran Agrees to Nuclear Inspections, as Vance Reports Breakthrough on Keeping Hormuz Open

Vance Trip to Switzerland Postponed, as Iran Looks to Leverage Israel–Hezbollah Tension

White House: Iran Gets Nothing It Didn't Already Have and Any Benefits Hinge on Behavior Change

Capitol Report Full Broadcast (June 17)

FBI Thwarts Plot Targeting UFC at White House; Trump Fires Back at Claims the US Is Investing in Iran

US Says Iran Memorandum Based on Verifiable Steps, Not Promises; Iran Foreign Minister Agrees Deal Is Close

The Associated Press is an American not-for-profit news agency headquartered in New York City. 

The Associated Press

Americas

Helicopter With Singer Oliver Tree on Passenger List Collides With Another in Brazil, Killing 6

NTD Newsroom comprises teams of reporters, editors, and producers assigned to cover breaking news and other stories.


NTD Newsroom

News you can trust from the U.S. and around the world. Critical information and insight. We cover the stories that others don’t. NTD News Today airs Monday–Friday at 11 a.m. ET.

NTD News Today

Iran's Football Team Leaves Note of Friendship

Melanie is a reporter and editor covering world news. She has a background in environmental research.

Melanie Sun

US News

State News

California

California Governor, LA Mayor Declare Emergency Over Warehouse Fire

News with integrity, from the United States and around the world. Focused reports and analyses that shed light on major issues the world deserves to know. NTD Evening News airs daily at 6 p.m. ET.

NTD Evening News

Up to 900 Planes Grounded Worldwide Amid Engine Shortage, United CEO Says

Reuters is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages.

Reuters

Andrew Thomas is a reporter for NTD News primarily covering business, the economy, and technology. 

Andrew Thomas

Science &amp; Tech

NASA Reverses Evacuation Alert Order for Astronauts Aboard Space Station

Rudy Blalock is a Southern California-based daily news reporter for NTD. Originally from Michigan, he moved to California in 2017 and the sunshine and ocean have kept him here since. In his free time, he may be found underwater scuba diving, on top of a mountain hiking or snowboarding, or at home meditating—which helps fuel his active lifestyle.

Rudy Blalock

8 Dead After B-52 Bomber Crashes at Edwards Air Force Base in California

Ohio

At Least 12 People Shot at Ohio Festival, Search for Suspects Ongoing: Police

Mary Man is a writer for NTD. She has traveled around the world covering China, international news, and arts and culture.

Mary Man

Daniel Monaghan is a reporter for NTD News covering culture, social issues, and education. He holds a BA in Political Science and Government.

Daniel Monaghan

China News

Epoch Times Obtains Over 2,000 Unseen Tiananmen Square Photos on 37th Anniversary of the June 4th Massacre

US Embassy in Israel Issues Travel Alert for Much of Middle East

Los Angeles Warehouse Fire Prompts Shelter-in-Place Orders

Treasury Secretary Janet Yellen on Tuesday admitted to something most Americans have known for months: that she and other top officials last year wrongly assessed the rising inflation.

In 2021, Yellen said inflation posed only “a small risk.” She was among those who initially framed inflation as a temporary side effect of the economy returning to normal after the pandemic. She admitted Tuesday that she had failed to anticipate how long high inflation would last and how bad it would be.

NTD spoke with Vance Ginn, senior economist at the Texas Public Policy Institute, to learn more.

Programs

Videos

Business News

04_Top Stories

government spending

inflation

Latest Clips

Inflation

Latest and breaking news, documentaries, movies, and lifestyle content on NTD+.
 
Empower your knowledge and elevate your spirit with NTD+, your go-to destination for truthful news, insightful documentaries, and captivating lifestyle content that enriches your life.