Posted on 04/08/2024 7:17:13 PM PDT by ChicagoConservative27
During an interview with CNBC released on Monday, Treasury Secretary Janet Yellen said that “Some low-income consumers are perhaps exhausting their buffers of saving[s] that they built up during the pandemic, we’re seeing a little bit more distress at the household level there.” But despite that, “we’ve got a good, strong economy” with “very strong domestic demand” that is “on a solid track” and “generally, households are in very good financial shape.”
CNBC host Sara Eisen said, “I guess I’m just wondering if the economy continues to hold up, no matter what happens on the Fed.”
(Excerpt) Read more at breitbart.com ...
Other than Fauxi and Gates, who built up their savings during the plannedemic? With inflation, any previous savings has lost it’s worth.
Her job is to spew nice-sounding idiocy, which the media will dutifully report as fact.
Lost the house
Can’t afford rent
Cupboards are lean
Working two/three jobs
Apparently, ‘Very Good’ Shape’ means still breathing.
Thanks a lot, Janet, appreciate your take on things.
Those with incomes less than 20K per month?
I think she is equating her economic reality with the rest of the 90%.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.