Posted on 04/29/2022 12:03:57 PM PDT by RomanSoldier19
Treasury Secretary Janet Yellen said Thursday the global pandemic and Russia’s invasion of Ukraine highlight the possibility of big economic shocks in the future, adding that downturns are “likely to continue to challenge the economy.”
Her address at the Brookings Institution looked at lessons learned from economic downturns of the past and said countries need to build in "recession remedies" to protect people in the U.S. and globally going forward.
With “large negative shocks” inevitable, she said, policymakers have learned from the Great Recession that it's imperative to exit economic downturns “as quickly as possible.”
“Countries will fare better if their economies are more resilient and less fragile," she said. “Improved understanding of breaks in supply chains, increases in commodity prices, bursting of asset bubbles, and labor and productivity shocks can help policymakers implement reforms that bolster our economic resilience."
(Excerpt) Read more at sfgate.com ...
Printing and spending, who knows the total, might have an effect.
Maybe they’ll drop another trillion by forgiving all school loans.
translation: our plan to impoverish the citizenry is going splendidly.
Yellen about as much an utter idiot as Biden...omfg!
LOL, “Captain Obvious.”
Due to the war in Ukraine, a tight microchip market is going to get a lot worse in the next few months and many products will not be available to buy. We already seeing difficulties in the automotive industry.
She’s got it totally backward. The ‘challenged’ economy is going to shock us. It’s also worth noting that it is her administration that caused the challenged economy.
This old coot is deliberately blind and a liar
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