Posted on 05/31/2022 7:45:50 AM PDT by Wuli
{blah blah blah snipped]
.....the U.S. can transition from recovery to stable, steady growth and bring down inflation without giving up all these historic gains. During this transition, growth will look different. We will likely see fewer record job-creation numbers, but this won’t be cause for concern. Rather, if average monthly job creation shifts in the next year from current levels of 500,000 to something closer to 150,000, it will be a sign that we are successfully moving into the next phase of recovery—as this kind of job growth is consistent with a low unemployment rate and a healthy economy. Things should also look different from the decades before the pandemic, when too often we had low growth, low wage gains, and an economy that worked best for the wealthiest Americans.
[snip]
First, the Federal Reserve has a primary responsibility to control inflation. My predecessor demeaned the Fed, and past presidents have sought to influence its decisions inappropriately during periods of elevated inflation. I won’t do this. I have appointed highly qualified people from both parties to lead that institution. I agree with their assessment that fighting inflation is our top economic challenge right now.
[snip]
We can also reduce the cost of everyday goods by fixing broken supply chains, improving infrastructure, and cracking down on the exorbitant fees that foreign ocean freight companies charge to move products. My Housing Supply Action Plan will make housing more affordable by building more than a million more units, closing the housing shortfall in the next five years. We can reduce the price of prescription drugs by giving Medicare the power to negotiate with pharmaceutical companies and capping the cost of insulin. And we can lower the cost of child and elder care to help parents get back to work. [snip]
(Excerpt) Read more at wsj.com ...
His sense of current conditions and his sense of his "solutions" demonstrate he is economically tone deaf and much more the senile idiot he shows us every day.
The "permalink" link WSJ gives us subscribers is supposed to work for all who use it to get to the full article.
Here’s a crazy idea for fighting inflation... STOP PRINTING MONEY!
What’s his next trick to reduce inflation?
Reduce the physical size of money by 50%?
😴😴😴😴😴😴😴😴😴
So....... things will continue to get worse.
Got it.
One block of cheese to supplement the long whine.
...Is to send a stimulus check in the amount of $1,500 to each household in America, plus another $1,000 for each child under 18.
a retread of obama’s new normal
that economy sucks but that is normal
gaslight at full blast
Nothing Go Brandon is saying here inspires any confidence that his five-year plan will work any better than Stalin’s ever did.
Sleepy Joe
ROTFLMFAO!!!
IT, and its vile ilk of flying monkeys, is the cause of all of it. IF its lips are moving, its lying.
I predict this will happen and before the elections
He’s gonna send another stimulus check?
Not to everyone, again?
“...inflation is that...thing... and we’ll do...something or other...because that thing...you know...
“...oh well...”
Obama ridiculed Trump’s plan to fix the economy, saying he would need a “magic wand”, and that we should get used to bad times, his “new normal”. Too bad most voters can’t remember last week, not to mention how good things were 2 years ago.
Republican need to impeach this senile old fool. Problem is, Mitch McConnell doesn’t have the balls, and we all know it.
Where is he going to get the workforce to do that? Well I guess we know why he is letting all those illegals in.
No not everyone, just illegals and Ukrainians.
“if average monthly job creation shifts in the next year from current levels of 500,000 to something closer to 150,000, it will be a sign that we are successfully moving into the next phase of recovery—as this kind of job growth is consistent with a low unemployment rate and a healthy economy.”
HUH?
The FED causes inflation by printing more money.
STOP IT!
Lunchbucket Joey Bidet&Co are brain dead.
You mean like newspapers and magazines?
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