Yellen on if Inflation Will Hit 2% This Year: It’ll Fall, ‘Can’ ‘Get Into the Twos’

Breitbart ^ | 04/08/2024 | Ian hatchett

[ChicagoConservative27]

During an interview with CNBC released on Monday, Treasury Secretary Janet Yellen responded to a question on whether she is confident that inflation will hit the target rate of 2% by stating that she expects that inflation “will continue to come down over time.” And “we can certainly get into the twos.” Yellen also stated that “we’ve had generally good news on inflation.”

CNBC host Sara Eisen asked, “You’re still confident we can get to 2% this year? We’ve seen a little bit of a flare-up so far this year.”

[rktman]

Who’s buying?

[SaveFerris]

[They will redefine inflation to get it to 2%.]

That’s correct. This is their gambit for Social Security COLA.

I’ve already seen food spikes in the 10%-25% or more just this year alone.

They will redefine is as 2% so that they can “justify” a SSI increase of 1.7%-1.9% possibly 2%.

Let’s see how far off I am at the end of the year.

I’m adding a keyword SSICOLA2024 so we can revisit this thread.

[SaveFerris]

[Translation: Don’t worry, we’ll cook the books to make it look that way.]

[spincaster]

Treasury Secretary Janet Yellen, couldn’t balance a check book.
She screwed us in 2008 and she is screwing us again.

[faithhopecharity]

Anyone who can’t count past 2 must be a product of a DEI school

[mund1011]

So lets try this again. If I weigh 100 pounds and gain (inflation) 10% per year for three years I will weigh:

0 year – 100 pounds
1 year – (100 x 1.10) = 110 pounds
2 years – (110 x 1.10) = 121 pounds
3 years – (121 x 1.10) = 133.1 pounds

If, for year 4, I now experience 2% gain (inflation) I will weigh:

Year 4 - 133.1 x 1.02 = 135.7 pounds

So after 4 years I gained 35.7 pounds and I should be rehiring my weight trainer?

[Sacajaweau]

All my costs keep increasing...and not by 2%. Some food prices have doubled.

[eyeamok]

Isn’t that sweet, the Moneychangers are only going to STEAL 2% of VALUE of everything you own this year...Don’t believe it.

[US_MilitaryRules]

Sure! Per month is more like it!

[adorno]

She has no idea. And neither does anyone in the Biden administration.

Inflation is not what matters anymore. The damage was/is done, and prices of everything that matters won’t be coming down any time soon.

Plus, Biden and Newsance (CA governor) and most democrats, keep rooting for inflation to get higher, every time they call for higher wages (like $20 an hour for fast food workers). Wages are a leading cause of inflation, and people who want higher wages too dumb or don’t care that, when their wages go up, prices of everything else also go up, meaning that, they end up in the same economic situation as before their higher wages. I all equals out.

Yellen and Biden and most democrats want the media attention that comes from asking for higher wages, but will never talks about the harm that higher wages cause to inflated prices.

[The Sons of Liberty]

Yellen on if Inflation Will Hit 2% This Year: It’ll Fall, ‘Can’ ‘Get Into the Twos’

Obviously Yellen restocked her supply of 'Magic Mushrooms'.