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.”

[ChicagoConservative27]

She's full of stupid 24/7.

[HYPOCRACY]

[ProtectOurFreedom]

How about -15% for a few years to unwind all the damaged that arsehole Brandon did.

[LibFreeUSA]

She should have resigned and retired after her “transitory” inflation pronouncement.

[Oldeconomybuyer]

Transitory.

[Nextrush]

Inflation is a big Number Two.

[CatOwner]

Whatever inflation number is reported, it will be much lower than the real inflation for all but the richest Americans.

[Gaffer]

She’s a clown.

[Nervous Tick]

>> She’s full of stupid 24/7.

And ugly...

[Nervous Tick]

>> How about -15% for a few years to unwind all the damage

Exactly. Even if inflation DID hit 2%, we’ve already taken a 15% hit in our wealth and buying power. And for what? Green new deal?

[Road Warrior ‘04]

Is that above the already 25+%?

[Zathras]

Math is hard.

[unclebankster]

Inflation can get into the twos.

**************

I doubt it.

Even if it does, the upward pricing that has already occurred will be maintained.

[Nateman]

Given that the Fed has way slowed down the printing presses she is probably correct. The issue is that after a period of high inflation when you stop the presses Recession is guaranteed.

[Chgogal]

They will redefine inflation to get it to 2%.

[Revel]

Inflation can’t go down when the dollar is being destroyed by borrowing.

[cowboyusa]

22. 😡

[Blood of Tyrants]

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

[Lurker]

They’re urinating down our backs and telling us it’s raining.

L

[griswold3]

Stupid indeed. Compounded Inflation