Posted on 05/04/2021 10:18:46 AM PDT by ChicagoConservative27
Treasury Secretary Janet Yellen on Tuesday said that interest rates may need to increase to keep the recovering economy from going into overdrive on the heels of significant government spending.
“It may be that interest rates will have to rise somewhat to make sure that our economy doesn’t overheat, even though the additional spending is relatively small relative to the size of the economy,” she said in response to a question on a panel hosted by The Atlantic about whether the economy could absorb the large dose of spending President Biden was proposing.
(Excerpt) Read more at thehill.com ...
STAGFLATION!
It’s BIDENTASTIC!
Who didn’t see this crap coming?
It will kill the housing market
Taxes up, interest rates up, gas shortages, inflation, food prices up; where has this scenario played before?
Inflation, here we come!
No surprise, as *real* inflation has already taken hold. I don’t care what the “reported” inflation numbers say. It is far higher than those.
1970’S
““It may be that interest rates will have to rise somewhat to make sure that our economy doesn’t overheat, even though the additional spending is relatively small relative to the size of the economy,” she said “
Yellen giving signals to the Fed. Yellen thinks she runs the Fed and the Treasury dept.
Guess this is why Chine-Joe-Ho was meeting with Carter. To understand how he did it so China-Joe-Ho can do the same.
She’s insane. They’re all insane.
Read it as part of my history lesson when home schooled.
None of this would be happening if the Fed didn’t interfere in the economy to try to keep stock market downturns from happening. Thank Greenspan and his followers and their pals in banking and wall street.
No, it isn't. America's GDP is around $20 trillion. Multi-trillion spending bills comprise a significant percentage of that.
Glad I took advantage of cheap money. Refi’d the house, purchased an awesome pickup at a low low bargin basement interest rate. lol
Now...lookin for CD’s with higher interest rates.
The Democrats are hell bent on destroying the economy so they can turn the US into a government dependent, serf state. Evey modern Democrat politician is a wannabe totalitarian dictator.
No doubt we will see increases in inflation and interest rates. The question is how much.
“The Democrats are hell bent on destroying the economy so they can turn the US into a government dependent, serf state. Evey modern Democrat politician is a wannabe totalitarian dictator.”
The quickest path to eliminating the constitution is cause a complete collapse of the economy. As with any government, the political class will continue to prosper even with total failure and chaos.
The debt is already $30 Trillion, just hasn’t made it to the clock yet. $163 Trillion in unfunded liabilities. 128% debt to GDP ratio.
I think my generation “might” still see social security, but not sure bout my kiddos.
She’s not the Fed chair anymore.
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