Posted on 09/11/2023 8:21:32 AM PDT by ChicagoConservative27
Treasury Department Secretary Janet Yellen said she is “feeling very good” about the U.S. making a soft economic landing without a recession.
“I am feeling very good about that prediction,” Yellen told Bloomberg when asked whether the U.S. would avoid a recession while still containing inflation. “I think you’d have to say we’re on a path that looks exactly like that.”
While inflation has dropped since its peak of 9.1 percent last June, it ticked up for the first time this year in July at 3.2 percent. This was the first increase after 13 months of falling inflation, but that does not mean high inflation rates will come back.
The Federal Reserve Board is weighing whether it should raise interest rates again at its meeting later this month in an effort for inflation to return to its 2-percent target.
(Excerpt) Read more at thehill.com ...
Retire you old bag
Just an opinion, if Yellen and the rest of the so called federal reserve so called experts stepped aside and let the economy work its way out of the problems. The Federal Reserve controlling the economy is a complete farce, many of the governors picked on the basis of gender and race.
Another academic idiot.
She’s insane. Gasoline and propane are about to skyrocket. The misery index for the average American is going to be terrible soon.
When Yellen was President of the Federal Reserve Bank at San Francisco (2004 - 2020), she was feeling very good about the housing market, until it collapsed around her.
Obama appointing her to head the Federal Reserve was like appointing one of the worst students in class to run the class.
Like cold fusion, it is not possible
That makes me worry.
🎶“Falling feels like flying
Til you hit the ground..”🎶
She is not an economist. She is doing the administration’s bidding, which is to lie with every word she speaks.
Question: what does Janet Yellen have in common with Amelia Earhart?
Oil price increased 30% in 3 months. 30%.
It is now a metaphysical certainty we are heading for a hard landing.
And RIGHTLY so.
She's just trying to convince folks that everything is going to be "just fine." What "BULL$HIT!"
She’s 77 years old and completely out of touch.
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