Posted on 02/27/2023 1:12:15 PM PST by ChicagoConservative27
During a portion of an interview with CNN on Monday, Treasury Secretary Janet Yellen stated that while inflation remains “too high,” it has been generally declining over the past year, and she would characterize the process of bringing down inflation while maintaining the “very strong labor market” that currently exists as “so far, so good.”
CNN International Correspondent Melissa Bell asked, “We’ve seen the fight against inflation take a hit, PCE [Personal Consumption Expenditures price index] hitting 5.4%. Do you believe at this stage that the Fed is behind the curve or that a soft landing is still the most likely scenario?”
Yellen responded, “I personally believe that it’s possible to bring inflation down while maintaining — we have a very strong labor market, I think we can maintain it. I would say, so far, so good. Obviously, there are risks and the global situation we face is very uncertain. There can be shocks from it. But look, inflation, still, is too high, but, generally, if you look over the last year, inflation has been coming down. And I know the Fed is committed to continuing the process of bringing it down to more normal levels.”
(Excerpt) Read more at breitbart.com ...
Who gave that old heifer the power to give billions to Yukraine?
Congress has the power of the purse not great granny yellen!
Step one stop printing paper dollars. Step two stop pumping trillion dollar omnibuses. Step three stop paying people to not work.
Yellen: “in the spring there will be new growth in the garden “
I have been looking at DOW numbers during the day-—
Their Up/Down doesn’t match the opening & current activity.
The Up/Down is in BIG numbers-—I have to calculate the other.
Seems we cannot trust them, either.
Is she kidding?!
Businesses closing left and right, prices through the roof and layoffs by all major companies and shes trying to gaslight us?!
4. Tar and feathers.
Is that why a majority of economists are predicting a recession in the next many months?
All gaslight, all the time.
How does she square this with retirement savings wiped out?
I swear this woman is a cross between Biden and Harris, with an economocs PhD.
She’s delusional!
Don’t be suckered by 1 or 2 items. Eggs will come down. But, that doesn’t mean inflation is over.
Inflation is a cycle. And, this cycle will continue until we metabolize the huge government deficits. If the deficits do not come down, Inflation will continue.
Government spending is fertilizer for Inflation.
I am confused:
I get up on DOW website during the day at random.
Today: IN THE DETAILS-— It says the Dow OPENED at $32,906.16
Same details: Closed at $32,816.92
That is a single day loss of $89.24 DOWN
BUT—The LARGE NUMBERS OVER THE GRAPH SAY GAIN OF $72.17
That is a swing difference of $161.41——DOWN.
IS the website LYING ?????
IF SO-—WHO IS ALLOWING THIS???
Probably Fetterman advises her.
I am calling corporate government be on the strong jobs. My hubby applied for 25 jobs and didn’t get a single call..
help wanted= not really hiring full time because it’s the economy stupid.
Keep letting them call all of this the new normal and you are giving them permission to keep going.
What’s the unemployment rate? Hint, it hasn’t been this low in over 60 years.
Under 4%. Jobs waiting everywhere, no one to fill them.
Full employment used to be considered 4%, got moved up to 5% some years back because people are more mobile.
It’s not just strong, it’s abnormally strong at 3.68% The number is accurate because private investment houses keep up with the number on their own. If the govt. tried to cheat, they would just show their numbers, as they are the employers.
What’s the unemployment rate? Hint, it hasn’t been this low in over 60 years.
Under 4%. Jobs waiting everywhere, no one to fill them.
Full employment used to be considered 4%, got moved up to 5% some years back because people are more mobile.
It’s not just strong, it’s abnormally strong at 3.68% The number is accurate because private investment houses keep up with the number on their own. If the govt. tried to cheat, they would just show their numbers, as they are the employers.
“My hubby applied for 25 jobs and didn’t get a single call..”
I’m sorry he’s having trouble, but that’s happening even with the super-tight labor market.
One of our biggest problems is that a lot of the people who happen to be out of work don’t fit or don’t want the available openings. A lot of people have skills in which we are overloaded. That’s why people with those skills are being laid off.
This is different from a poor economy. This is a fast-changing economy which is experiencing distortions.
There’s this thing called overnight trading. Stocks can open higher or lower than they closed the previous day.
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