Posted on 05/31/2022 5:01:44 PM PDT by ChicagoConservative27
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.
Yellen reacted to clips of her downplaying the inflation threat in 2021 by stating, “I think I was wrong then about the path that inflation would take. As I mentioned, there have been unanticipated and large shocks to the economy that have boosted energy and food prices, and supply bottlenecks that have affected our economy badly that I didn’t — at the time, didn’t fully understand. But we recognize that now the Federal Reserve is taking the steps that it needs to take. It’s up to them to decide what to do. And for our part, President Biden is focused on supplementing what the Fed does with actions we can take to lower the cost that Americans face for important expenditures they have in their budgets. Prescription drugs is one example, healthcare costs…utility bills, if Congress is willing to pass some of the proposals to boost the use of nonrenewables, I think that can serve to bring down an important cost that households face. He realizes, we all realize what an important and huge burden inflation is placing on American households.”
(Excerpt) Read more at breitbart.com ...
She was not wrong...she lied!
FOAD you incompetent moron.
You and the Chief economists of every major wall street type firm are such ass holes.
Your party ideology has left you so narrow minded in your “Hope” that you can see through a keyhole at 100 yards with no better view than the end of your nose.
But they all clapped and cheered in our faces when they swore in the first woman Treasury secretary. Thanks.
Good luck America. Take a look at Argentina. They used to have the same standard of living just like USA during the early 20th Century.
Didn’t fully understand basic ECONOMIC theory.
What was her justification for appointment? Does anybody know?
Communists have no idea how the market works.
Yellen:”You F’d up. You trusted me.”
> Janet Yellen admitted that she “was wrong” about inflation <
Well, that’s just not acceptable. Economics is your field, lady. It’s okay for a plumber or a taxi driver to get it wrong. But not you. Do the decent thing. Resign and give some other dolt a chance.
Oops! What was I thinking? No one in DC has any shame. Carry on, Janet. Stay in office, and keep racking up those retirement points.
resign, shuck, hang her in the public square!
how many lives and fortunes had she schucked, and now its ‘oops myy bad!’
schuck her schucking torso, extinguish her!
Soon she will parroting Biden on wonder CPI. She is such a putz.
I remember when we did not wait for people who were incompetent to resign - they were fired.
Libtard shocked they are Libtard.
Turning off oil and gas could not have had any other effect than to cause shortages of supply and therefore higher prices. Apparently Yellen has neve heard of the laffer curve.
Don’t feel bad Janet. Most Brandonites don’t understand JACK...
“…didn’t really understand…”
Wasn’t really qualified…
Buttigieg doesn't understand supply chains.
Austin doesn't understand strategic withdrawals.
Blinken doesn't understand diplomatic relations.
Granholm doesn't understand energy independence.
Harris doesn't understand English.
Is there a pattern here?
-PJ
She needs to watch more Milton Friedman videos and then get tested for intellectual capacity.
Don’t feel bad, Janet. You’re nowhere near as incompetent as your boss.
“Good luck America. Take a look at Argentina.”
Perhaps you mean Venezuela? That being said there has never been a larger collection of dumbasses running things in the US Government. The bigger problem is they think that they are all geniuses.
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