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Yellen: ‘I don’t see signs of a recession’
The Hill ^ | 10/27/22 8:53 PM ET | BY BRAD DRESS

Posted on 10/27/2022 7:45:38 PM PDT by RandFan

Treasury Secretary Janet Yellen on Thursday said she does not see signs of a recession after the Commerce Department released data showing the economy rebounded in the third quarter of the year.

Speaking on CNN’s “Erin Burnett OutFront” in Ohio, Yellen said that “what we’re seeing right now is solid growth this quarter” in the economy and low unemployment across the workforce.

“It’s very natural that growth would slow. And it has over the first three quarters of this year, but it continues to be OK,” she said. “We have a very strong labor market. I don’t see signs of a recession in this economy at this point.”

On Thursday, data from the Commerce Department showed U.S. gross domestic product (GDP) grew at an annualized rate of 2.6 percent between July and September, a healthy sign after six months of a shrinking economy.

Still, much of the growth in third quarter GDP was driven by a surge in exports, and some leading economists are not expecting growth to continue later this year or early next year.

With inflation at a 40-year high, the Biden administration has been on the defensive during an election year, repeatedly listing other indicators of a strong economy such as high job growth and healthy consumer spending to indicate a recession is not on the horizon.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Miscellaneous; News/Current Events
KEYWORDS: bidenrecession; bidenregime; bidenvoters; scrolldown; yellen
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To: RandFan

This broad (who I do not like)while at Fort Hamilton High school was head of the school newspaper. Tradition was the school’s valedictorian would be interviewed by the editor/head of the school’s newspaper. She interviewed herself....How many Pollack’s does it take to do a full interview? She checks all the boxes...Yale/Harvard/Berkley....the woman is trash.


21 posted on 10/27/2022 8:07:54 PM PDT by mythenjoseph
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To: RandFan

Where is she looking?


22 posted on 10/27/2022 8:09:04 PM PDT by webheart
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To: ConservativeInPA

I just threw it out there as sarcasm.
My bad?


23 posted on 10/27/2022 8:10:19 PM PDT by cranked
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To: RandFan

Wonder what makes her qualified to be Secretary of the Treasury.


24 posted on 10/27/2022 8:17:55 PM PDT by mulligan (an En bbnnEeThe to)
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To: RandFan
How about her seeing eye dog?
Did he see it? Bark twice for yes.
25 posted on 10/27/2022 8:18:41 PM PDT by El Cid (Believe on the Lord Jesus Christ, and thou shalt be saved, and thy house...)
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To: cranked

My bad. My sense of humor runs out this time at night. I should have picked that up.


26 posted on 10/27/2022 8:20:01 PM PDT by ConservativeInPA ( Scratch a leftist and you'll find a fascist )
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To: RandFan

Of course she doesn’t see signs of a recession. Neither does anyone else in her bubble. The economy has no effect on them. Yellen can still demand hundreds of thousands of dollars for a speech at some bank or think-tank. I’m sure she has inside information to prevent her stock portfolio from being affected by the market ups and downs. And the upcoming lay-offs will not have any bearing on her income.

What recession?


27 posted on 10/27/2022 8:24:59 PM PDT by CFW
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To: ConservativeInPA

It’s all good.
It’s my fault for not placing a /s or other sarcasm indicator.


28 posted on 10/27/2022 8:26:03 PM PDT by cranked
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To: goodnesswins

“More like DEPRESSION!”

Not yet.

In order for an deflationary economy to exist, the inflationary cycle that has been the norm post WW2 would have to ‘run out of steam.’

I don’t see that happening because the economies that produce most of the global wealth don’t have a reason to deflate at this time period.

In order to cause massive deflation many things would have to occur globally, such as:

1) The Central Banks of North & South America, Asia, & Europe all raise interest rates extremely in conjunction.

2) All the governments in the mentioned economic zones, cut budgets & spending.

3) The global money supply is cut substantially year after year until valuations drop.

The only deflationary policies being pursued at this time, are interest rate hikes which aren’t going to cause a depression, but will make capitalists extremely picky about incurring losses on business models that can’t produce a ROI.


29 posted on 10/27/2022 8:26:26 PM PDT by unclebankster (Globalism is the last refuge of a scoundrel)
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To: ealgeone

That’s for little people like us. Those in government like Yellen have tax paid cars, gas, with armed drivers. These people don’t shop at the local food bag. We’re much too threatening for them to risk that so it’s all delivered.


30 posted on 10/27/2022 8:38:17 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: RandFan

I see dead people


31 posted on 10/27/2022 8:47:34 PM PDT by goo goo g'joob
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To: RandFan

32 posted on 10/27/2022 8:52:00 PM PDT by budj (Combat vet, second of three generations.)
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To: RandFan

She should be fired immediately. Too stupid to continue


33 posted on 10/27/2022 8:52:19 PM PDT by Nifster (I see puppy dogs in the clouds )
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To: RandFan

In October 2021, just 12.5 months ago:

Treasury Secretary Janet Yellen stuck with her assessment that elevated U.S. inflation will prove “transitory,” while acknowledging it will take longer for the pace of price gains to return to normal. “I believe it’s transitory, but I don’t mean to suggest these pressures will disappear in the next month or two,” Yellen said in an interview on CBS Evening News with Norah O’Donnell that aired Tuesday evening.

https://www.bloomberg.com/news/articles/2021-10-12/yellen-sticks-with-transitory-view-of-higher-u-s-inflation


34 posted on 10/27/2022 9:15:19 PM PDT by Degaston (odds)
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To: RandFan

To her: LIAR!!!!


35 posted on 10/27/2022 9:15:25 PM PDT by Secret Agent Man (Gone Galt; not averse to Going Bronson.)
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To: RandFan

Visit eye doctor pronto.


36 posted on 10/27/2022 9:32:14 PM PDT by entropy12
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To: RandFan

I don’t think Yellen sees much of anything.


37 posted on 10/27/2022 9:32:45 PM PDT by FlingWingFlyer (Veto Beto, FJB.)
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To: goodnesswins

Depression is impossible when FED is itching to print money and welfare benefits are 50 times bigger than last depression.


38 posted on 10/27/2022 9:34:50 PM PDT by entropy12
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To: ConservativeInPA

No.GDP increased because USA exported record amounts of energy products. That counts as production. Even oil sold abroad from strategic oil reserve adds to GDP.

And...imports to USA are subtracted from GDP.
We imported lower than usual during last quarter.
That boosted GDP.

I REALITY GDP WAS NEGATIVE!


39 posted on 10/27/2022 9:41:14 PM PDT by entropy12
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Comment #40 Removed by Moderator


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