Article

2022-06-02 Economy

[MSN] Treasury Secretary Janet Yellen told CNBC that the White House has several strategies that will reduce inflation she conceded is too high for Americans.

In a separate interview Tuesday, Yellen admitted she was wrong when she called inflation "transitory" last year.
back in Feb 2021, Yellen backed Biden's $1.9T bill saying it wasn't inflationary - then in April 2021 she said, 'we have the tools to prevent inflation', then in May 2021 she said 'it will be transitory'. She also said that abortions reduce inflation. I can't find any quotes of hers pretending that the Build Back Better bill would reduce inflation so - assuming that is correct, at least she got one small thing right

Posted by lord garth 2022-06-02 00:00|| || Front Page|| [11135 views ] Top

#1 "I don't know what I'm doing, but you don't either!"

Posted by Skidmark 2022-06-02 00:31|| 2022-06-02 00:31|| Front Page Top

#2 Why hasn't Yellen already resigned in disgrace then?

Posted by Bubba Lover of the Faeries8843 2022-06-02 13:50|| 2022-06-02 13:50|| Front Page Top

#3 NO excuses for Yellen. She has a Ph. D. in economics and was Fed chairman for 4 years, followed by a year+ as Treasury Secretary. If ANYONE should understand economics, she is it.

Janet, do you remember the equation MV = PQ? It exlains everything you need to know about inflation, and I KNOW you learned it in basic economics (since she and I are roughly contemporaries and studied the same textbooks.)

Posted by Tom 2022-06-02 14:22|| 2022-06-02 14:22|| Front Page Top

#4 Fiduciary Malpractice on a colossal scale... No forgiveness.

Posted by magpie 2022-06-02 18:24|| 2022-06-02 18:24|| Front Page Top

#5 ^ Accountability is inversely proportional to how high up the gummint ladder...

Posted by M. Murcek 2022-06-02 18:26|| 2022-06-02 18:26|| Front Page Top

#6 Nobody resigns in disgrace anymore. Thy get promoted or go on a book tour and become wealthy blaming everyone else.

Posted by ruprecht 2022-06-02 18:57|| 2022-06-02 18:57|| Front Page Top

#7 Bullshit. She has a phD in economics. Managed the FED for 4 years. She is supposed to be a professional economist. Everyone else figured it out. Heck I bet even AOC figured out what would happen and she got her economics degree out of a crackerjack box.

Posted by CrazyFool 2022-06-02 19:02|| 2022-06-02 19:02|| Front Page Top

#8 Social graduated cum laude from Boston. University with double major one was economics

Posted by Thrinemp Bumble7625 2022-06-02 20:43|| 2022-06-02 20:43|| Front Page Top

#9 AOC. Not social.

Posted by Thrinemp Bumble7625 2022-06-02 20:44|| 2022-06-02 20:44|| Front Page Top

#10 Yellen is a slob who just won't go away, much like Gary Gensler, John Kerry-Heinz, Vicky (Donut) Nuland, and a host of other vermin.

Jim Rickards doesn't call her (Yellen) a slob but nonetheless says she's a clueless statistician, hardly an economist, let alone a Chair[wo]man of a major central bank.

Posted by DooDahMan 2022-06-02 20:45|| 2022-06-02 20:45|| Front Page Top

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