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 ...
I’m stocked up on toilet paper and lead.
Er, you’ve already shot the Fed’s wad, Janet. Printing money, your only trick, is done.
She’s making the same kind of promises as Brandon.
“Countries will fare better if their economies are more resilient and less fragile...”
Wow, that’s deep.
Will those shocks be transitory, o great and powerful wizard?
She said that after consulting with the village psychonomist.
she should just name them... it’s not like she doesn’t know the schedule
“...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.”
She forgot: “Leftist, socialist, communist, Marxist, anarchist. demonKKKrats’ intentional destruction of the economy...”
Rat World
Exactly. The “government” is attacking the populace. Like Trump said this inflation is a hidden tax. Everything costs more so taxes raised has increased.
Then the Biden putsch and the vandalism started. Like petulant children they destroyed our economy because orange man bad.
The old expression is: "cutting off your nose to spite your face".
What "reforms"? More rules, restrictions, controls? More centralization of power? More command economy nonsense? More WEF idiocy? More green energy fantasy chasing? All of above got us into this situation, they won't get us out.
100%
Like having self-sufficient energy and efficient farming and agriculture - and the least possible government intrusion in commercial enterprises and low taxes and where pork isn't farmed on paper at the Capitol.
Is this OLD BAT really this stupid or did she have to go to College to get this way? These idiots caused the shocks. The opposite of EXITING a recession quickly is being demonstrated by how quickly Brandon and his Village Idiots are driving us INTO one.
FJB
That’s weasel wordage for state control.
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