Posted on 12/12/2022 6:51:45 AM PST by ChicagoConservative27
Treasury Secretary Janet Yellen said on Sunday predicted a significant reduction in inflation by the end of 2023, while also noting the continued risk of a recession.
“I believe by the end of next year you will see much lower inflation if there’s not … an unanticipated shock,” Yellen told Norah O’Donnell during an interview that aired Sunday on CBS’s “60 Minutes.”
“I am very hopeful that the labor market will — remain quite healthy — so that people can feel good about their finances and their personal economic situation,” she added.
Yellen also said there was risk of an economic recession, though she noted how the country currently has a “healthy banking system” and a “healthy business and household sector.”
(Excerpt) Read more at thehill.com ...
“I have no idea how this retarded troll has this job.”
That applies to so many in Washington.
Almost like magic, they say it, so it must be so.
She gets paid and threatened on a regular basis to say these things I’m sure.
Isn’t this the moonbat who coined the term “transitory”?
Yellen and Biden have the same batting average....
Yellen is FOS. The dumbass bimbo hasn’t got a clue.
Isn’t this the same person who told us in 2020 that inflation was going to be short term and transitory?
Why is anyone listening to these liars?
Businesses are not tightening belts because they thing the economy is going to improve.
You mean like the current recession we are already in?
Because she is a hard-line Communist from UC Berkeley. She was the one that kept The Fed pumping trillions into the Obama economy, then raised rates once Trump was elected. Then she kept raising rates until ... Covid.
She is a political hack and got busted frontrunning Fed policies to NYC hedge funds. Highly illegal so Biden, another criminal, appoints her as Treasury Secretary.
If the economy gets and looks bad enough, I suppose there is a risk of flipping over to deflation.
https://americanbriefing.com/yellen-predicts-high-inflation-wont-cool-until-second-half-of-2022/
Somebody needs to tell this idiot that it’s their economy now. THEY screwed it up with Jo Jo the Homo Clown throwing taxpayer dollars around like an out of control, retarded “rapper”.
https://www.bloomberg.com/news/articles/2021-10-12/yellen-sticks-with-transitory-view-of-higher-u-s-inflation
October 12, 2021
She is not a troll. She’s a hobbit. Sort of halfway on the spectrum between Frodo and Sméagol. Check the big hairy feet. It’s a dead give away
How many times can someone be wrong and still be sought for advice?
Just wondering…
Later on Tuesday, Yellen told a Wall Street Journal CEO Council event that she does not anticipate that inflation would be a problem for the U.S. economy and that any price increases would be transitory because of supply chain shortages and the rebound in oil prices to pre-pandemic levels. Asked directly about her remarks on rates, Yellen said she was neither predicting nor recommending a rate rise. "If anybody appreciates the independence of the Fed, I think that person is me," Yellen said. "I don't think there's going to be an inflationary problem. But if there is the Fed will be counted on to address them," she added.
May 4, 2021
https://news.yahoo.com/yellen-says-she-sees-no-033005839.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAABQayO0TBtNtzaYhEmlvsRAzyvlQgGNHdaq5Qn-ibi4CY2Djiy2aLKlwPf_ls4XoDXwAm64i1nAF_wLYksMqmJcu77fMx433QSpzlka02Ilr1T9kztBTFj0xmBiBNCPEnIjy2Fk09-e6Zee8MtxAmhY30JNgZmUNBY3pikGJDr7X
well, a recession would certainly help lower inflation..
Okey dokey. So inflation will be reduced in a year and prices will be 14% higher than they were in 2020 and won’t be coming down. That works.
Not initially and that gap is where the pain is with the related unemployment.
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