Posted on 06/19/2022 1:35:50 PM PDT by ChicagoConservative27
TheHill.com
SUNDAY TALK SHOWS Biden team pushes back on recession fears BY ZACH SCHONFELD - 06/19/22 2:26 PM ET SHARE TWEET ... MORE
Senior Biden administration officials on Sunday pushed back on some economists’ projections of an impending recession, arguing that it is possible to curb inflation without causing a major economic slowdown.
“It’s President Biden’s top priority to bring it down, and [Federal Reserve] Chair [Jerome] Powell has said that his goal is to bring inflation down while maintaining a strong labor market,” Treasury Secretary Janet Yellen said on Sunday. “That’s going to take skill and luck, but I believe it’s possible. I don’t think a recession is inevitable.”
(Excerpt) Read more at thehill.com ...
More gaslighting from The Hill.
The Biden administration is studying videos of Baghdad Bob in hopes of tweaking his delivery methods for a more believable presentation.
Biden has been saying it’s Putin’s fault. How then can Biden Junta decrease inflation?
BUT,BUT,BUT,THE ELECTION WASN’T STOLEN.........
What labor market? Thanks to these idiots we can’t find anyone who wants to work.
The rats will use every trick including fudging data to stay just outside a declared recession. The MSM let them remove gas and food from the inflation calculation for the first time ever. It will be the same with this.
Yeah people have as much luck pushing back against an avalanche as these folks do.
“Blah blah blah screw you...”
Especially these lying pudthumpers at “The Hill.”
I’m not afraid...I’m P*SSED!
Let’s Go, Brandon! *SPIT*
“That’s going to take skill and luck, but I believe it’s possible.”
—
If “luck” is part of the solution, it’s going to fail.
Gee, if the inflation rate included food and gasoline, we would be in Weimar Republic territory by now. Thanks, Joe Biden!
We are already in recession, might be better off ‘pushing back’ on talk of Depression....................
1Q GDP was negative.
We are 11 days from the end of 2Q and FedNow is estimating 2Q at 0.00% with the weekly updates trending down.
It is likely 2Q will be negative unless there is some data manipulation like the LA port did at the end of 4Q by withholding key data. The LA port is so massive that by itself, it has an impact on GDP.
Two negative quarters in a row = Recession.
Bite Me’s team is correct. There will be no recession.
There will be a depression. By design, and because of their leftist policies.
And then YELLING! says there is no stopping inflation.
Oops.
That’s going to take skill
They have nothing and we are screwed.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.