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 ...
I’m scared now.
She into the ‘shrooms, again?
“Soft landing” — one of those idiotic, nonsensical, meaningless terms that know-nothings spout. Like “growing the economy from the inside out.”
“Soft landing” must mean we aren’t all wiped out with 45% unemployment and a 70% stock market crash.
Janet Yellen's remark is lunacy, made on behalf of the "Happy talk" crowd. Nothing to see here! Move on!
The parachute failed. The backup chute failed. But, I like our chances! 😎
I remember when she said inflation was transitory.
She is wrong all the time.
Look out below! Yellen’s a contrarian indicator.
I knew this was going to happen when politicians started legalizing drugs.
Here is a picture of the soft landing.
https://www.miamiherald.com/news/local/community/miami-dade/article262749417.html
Notice the name on the aircraft “RED Air”. That name is highly appropriate for this administration of left-wing lug nuts especially when lug nut 1 is in Hanoi!
Quit yer yellin’. BranDUHnomics SUCK!
Biden is closing out energy from Alaska, OPEX is reducing production for remainder of the year, our strategic reserves are empty, BRIC countries are not using US dollars, and on and on. And she can make a statement like that?? She must be blind in one eye and can’t see out of the other. We are in TROUBLE!!!!
You’re feelin’ alright?
I’m not feelin’ too good myself
If Trump were President under these conditions, she’d be declaring an emergency.
I think there is leakage between universes...
Part of the downtrodden working class?
Bio info.
Yellen has an estimated net worth of $20 million, accrued from stock holdings, speaking engagements, and various government and academic positions.
Political party: Democratic
Yellen puts her assets largely in bond and equity index funds, and blue-chip stocks, according to her financial disclosure on file in the Government Ethics Office.
Source: Financialnews.com
SHE is about as competent as a demented owl.
Yep, buckle in.
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