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 ...
It’s not a lie if you believe it.
- George Costanza
She ...what???
OMG! This Dope is Secretary of the Treasury?
Yeah, it was. I wish Chauncey Gardner was president.
democRATS aren’t smart enough to understand the business model of a lemonade stand...
I was not aware of that. Thanks for the info.
Only Tweety Bird was much smarter.
An introduction to macroeconomics would have taught anyone with half a brain this inflation was going to happen
To understand them, first one has to have had experience in actual them as a part of the supply-chain engine. Government and bureaucrat occupation of some seat isn’t that. The ‘bottleneck’ we’ve been saddled with rests [literally] on her shoulders.
All this because we and Trump were becoming free.
Free of the parasites and they couldn’t stand for it.
No matter what it took and takes.
“Read my lips” liar Fraud
NAFTA liar Fraud
O-Counterfeit. Liar Fraud
O-BodyMortgage. Counterfeit. Fraud
Covid. Liar Fraud
Mail ins. Fraud
Yup! She was supporting the NWO reset narrative.
It is easy to spot when a CNN or MSM anchor drops the Democrat bias when interviewing Democrats. They ask real reporter questions, not loaded questions, no softballs for fluff or hardballs to put people on the defensive. Then they simply let the interviewee bury themselves without interrupting with deflections or trying to protect them. Afterwards they don't tell the audience what they are supposed to think about it, like they do otherwise.
The Biden administration is determined to mishandle as much as possible in as short a time as time as possible more than any other President. Meanwhile while the press is trying to cover it up and we are expected to go along and like it. Even when we all know that next fall and winter, the inflation, food and gas shortages are really going to hurt.
November 8th this year can not come soon enough. Vote like a seven and a half billion lives depend on it.
Bingo! LOL
O-BodyMortgage? Obama-nation?
True word
If you’re ONLY job is economics and you proclaim you don’t understand economic, the Peter principle has been supernova exceeded. (Advanced to the level where one becomes incompetent)
as we sit here and watch them deliberately ruin our country
D.C. is chock full of lifer Janet Yellen’s it why so many things go wrong so fast.
You need to expect the unexpected, otherwise you are not qualified.
No accidents with the deep state & Yellen is with them.
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