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Yellen: ‘Not Positive’ Inflation Has Peaked, It Will ‘Come Down over the Next Year or Two’
Breitbart ^ | 10/24/2022 | Ian hatchett

Posted on 10/24/2022 4:22:14 PM PDT by ChicagoConservative27

During a portion of an interview with NBC News released on Monday, Treasury Secretary Janet Yellen said she’s confident that “inflation will come down over the next year or two,” but while there are “good indications” that inflation will decline, she isn’t certain that inflation has peaked and doesn’t want to predict inflation numbers on a month-by-month basis.

Yellen stated, “I have confidence that inflation will come down over the next year or two, so I believe that what [the Federal Reserve is] doing will work.”

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events; Politics/Elections; Your Opinion/Questions
KEYWORDS: inflation; peaked; positive; transitory; yellen
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She's a complete incompetent. Idiot.
1 posted on 10/24/2022 4:22:14 PM PDT by ChicagoConservative27
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To: ChicagoConservative27

Blah, blah, blah.


2 posted on 10/24/2022 4:24:10 PM PDT by From The Deer Stand (P)
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To: ChicagoConservative27

What a moron she is.


3 posted on 10/24/2022 4:24:50 PM PDT by frogjerk (More people have died trusting the government than not trusting the government.)
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To: ChicagoConservative27

Um... Yeah.


4 posted on 10/24/2022 4:25:10 PM PDT by sauropod (The New York Times' 1619 Project's Nikole Hannah-Jones: "all journalism is activism.")
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To: ChicagoConservative27

“Confidence” over the “next year or two”? She’s really going out on a limb there. Very daring.


5 posted on 10/24/2022 4:25:30 PM PDT by rightwingcrazy (;-,)
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To: rightwingcrazy

T R A N S I T O R Y


6 posted on 10/24/2022 4:27:09 PM PDT by Josa
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To: ChicagoConservative27

Another failure for a woman first.


7 posted on 10/24/2022 4:27:36 PM PDT by EEGator
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To: ChicagoConservative27

How in the hell do these people get into positions of power? Really? The Peter Principal?


8 posted on 10/24/2022 4:28:09 PM PDT by JoJo354 (I am in mourning for the United States of America.)
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To: ChicagoConservative27

Since her previous predictions were way off, how can we have any confidence in what she says now?


9 posted on 10/24/2022 4:28:15 PM PDT by Dilbert San Diego
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To: ChicagoConservative27

It will decline one day

Obviously

But prices won’t

Just the rate of increase

Food and gas maybe

But new cars and trucks manufacturers will never go back to pre inflation pre covid numbers

Like higher education costs they never ever go back down


10 posted on 10/24/2022 4:28:39 PM PDT by wardaddy (Sound and Fury Republic now home to more than a few globalists who really love the mainstream media )
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To: ChicagoConservative27
She's a complete incompetent. Idiot.

Yes indeed.

11 posted on 10/24/2022 4:29:43 PM PDT by Mark17 (Retired USAF air traffic controller. Father of USAF pilot. USAF aviation runs in the family )
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To: ChicagoConservative27

Why has this stupid globalist byatch had her job so long?


12 posted on 10/24/2022 4:30:04 PM PDT by toddausauras ( )
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To: EEGator

.
Biden says in Speech today, “my word as a Biden!”

No media reports. Corrupt Family business selling influence and American Tax dollars for his lifestyle and his Addict Kids and brother.

.


13 posted on 10/24/2022 4:30:14 PM PDT by AnthonySoprano (Statute of Limitations is going to elapse on Hunter Biden )
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To: ChicagoConservative27

Thanks a lot you old dried out commie khunt!


14 posted on 10/24/2022 4:30:18 PM PDT by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.)
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To: ChicagoConservative27

next year or two?

I think most of us expect it to skyrocket at least for the next year, starting just after the mid-terms.

We will likely see some Carter-era interest rates, etc., by the 2024 election cycle.

So far, Biden has made no effort the last 18 months to quell inflation — except several releases from the Strategic Oil Reserve, which is almost drained.

So, what will Biden do the next 2 years? His current game plan (assuming he even has one) certainly isn’t working.


15 posted on 10/24/2022 4:30:26 PM PDT by TomGuy
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To: ChicagoConservative27

Janet has obviously not had enough boo$ter $hots.


16 posted on 10/24/2022 4:30:39 PM PDT by Jane Long (What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
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To: ChicagoConservative27

Which means it probably hasn’t reached its zenith yet.


17 posted on 10/24/2022 4:31:18 PM PDT by DoughtyOne (I pledge allegiance the flag of the U S of A, and the REPUBLIC for whic stands.)
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To: ChicagoConservative27
Dumbass Nostradamus one year ago today:

https://www.cnn.com/2021/10/24/politics/janet-yellen-inflation-labor-market-cnntv/index.html

US inflation levels are not expected to decrease to acceptable levels until the latter part of 2022, Treasury Secretary Janet Yellen said Sunday.

The prediction comes as rising prices strain Americans’ wallets at grocery stores and fuel pumps amid high energy demand, already exacerbated by the coronavirus pandemic wreaking havoc on the economy. Asked when she expects inflation – which was 5.4% at the end of September – to get back to the 2% range considered acceptable, Yellen told CNN’s Jake Tapper that it would be the middle to second half of 2022.

“Well, I expect that to happen next year. Monthly rates of inflation have already fallen substantially from the very high rates that we saw in the spring and early summer,” she said on “State of the Union.” “On a 12-month basis, the inflation rate will remain high into next year because of what’s already happened. But I expect improvement … by the middle to end of next year, second half of next year.”

She also attempted to downplay concerns over rising inflation, telling Tapper she doesn’t believe the US is losing control over inflation, and she pushed back against criticism from former Treasury Secretary Larry Summers, who has been ringing the alarm on inflation rates and spending.

“I think he’s wrong, I don’t think we’re about to lose control of inflation,” she said, although she agreed that the US is going through a period of inflation that is higher than before. “It’s something that’s obviously a concern and worrying them, but we haven’t lost control.”

18 posted on 10/24/2022 4:31:23 PM PDT by frogjerk (More people have died trusting the government than not trusting the government.)
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To: ChicagoConservative27

They killed the housing market...and that effects 100s of other markets..


19 posted on 10/24/2022 4:31:30 PM PDT by Sacajaweau ( )
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To: AnthonySoprano

Biden is getting worse and worse.


20 posted on 10/24/2022 4:33:15 PM PDT by EEGator
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