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 ...
Blah, blah, blah.
What a moron she is.
Um... Yeah.
“Confidence” over the “next year or two”? She’s really going out on a limb there. Very daring.
T R A N S I T O R Y
Another failure for a woman first.
How in the hell do these people get into positions of power? Really? The Peter Principal?
Since her previous predictions were way off, how can we have any confidence in what she says now?
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
Yes indeed.
Why has this stupid globalist byatch had her job so long?
.
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.
.
Thanks a lot you old dried out commie khunt!
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.
Janet has obviously not had enough boo$ter $hots.
Which means it probably hasn’t reached its zenith yet.
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.”
They killed the housing market...and that effects 100s of other markets..
Biden is getting worse and worse.
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