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 ...
A FReeper predicted that we are going to see deflation soon. I don’t believe that will happen. Now people are expecting inflation, it’s harder to stop it from taking off. Ultimately the economy will have to crash, we had to suffer a deep recession in the early ‘80s before we could crush inflation.
>>She’s a complete incompetent. Idiot.<<
Where in Sam hell do these people come from? Good grief!
Pelosi, Wray, Nadler, Schiff, Schumer, AOC, Sheila Jackson Lee, Corey Booker, Swalwell...the list goes on and on and on.
I’m just taken back how many total dumb @$$e$ would vote for these people.
Exactly right. I think people are financially ignorant enough to think prices will decline to where they were when this started. They won’t. People just don’t understand velocity and acceleration.
If we have another year at 20% then 15% then 10%, prices will end up 1.2 x 1.15 x 1.10 = 1.5 — FIFTY PERCENT higher than they are today.
Us retirees are so happy that Biden & Co. have needlessly destroyed our life savings and our old age. Klaus, Joe and all the other bastards wanted to screw the middle class and they sure used COVID to do it. But at least we got our $1,200 COVID checks.
She couldn’t buy a clue.
Yes. It is a wonder she knows what a dollar sign looks like.
Because Trump fired her from the FED.
Two years to flatten the curve.
“So, what will Biden do the next 2 years? “
Blame Republicans. Once Rs take over Congress, Dems are off the hook. It’s how they and the media roll
i don’t know....means you’d go nuts if i told you the truth. wait till the rail strike...
If she’s planning on stepping down after the midterms, she shouldn’t wait, but do it now, then go hang herself for being complicit in destroying this country.
Bttt
he didn’t fire her...her term ended and he didn’t reappoint her.
Inflation for the entire Brandon term. This is by design folks.
Bump for later.
Earlier she told us this was just transitory. She made it sound like it would just be a few months. I believe that was last Fall, not this calendar year.
Inflation Reduction Act of 2022
The Inflation Reduction Act (IRA) of 2022 makes the single largest investment in climate and energy in American history, enabling America to tackle the climate crisis, advancing environmental justice, securing America’s position as a world leader in domestic clean energy manufacturing, and putting the United States on a pathway to achieving the Biden Administration’s climate goals, including a net-zero economy by 2050.
https://www.energy.gov/lpo/inflation-reduction-act-2022
They're going to rob retirees to pay for their luxuries.
The house of cards couldn't sustain.
Aunt Esther voiced my feeling about our useless SecTreas that cannot be uttered here... d;^)
“Next year or two”. Just tighten your belt, do without food, heat, electricity, etc. It will just be for a year or two longer. No prob, peeps!
She, like all leftist are delusional. Their policies are nation-killers and they just shrug and say “Well, I’ll be okay, and I’m not really worried about you”.
That idiot couldn’t offer guidance to a rock dropped from a plane at ten thousand feet.
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