« previous next »
Pages: [1]   Go Down

Author Topic: Yellen Says Fed, Biden Administration Will Take Steps to Control Inflation  (Read 310 times)

0 Members and 1 Guest are viewing this topic.

Offline Hoodat

  • Hero Member
  • *****
  • Posts: 36,594
Yellen Says Fed, Biden Administration Will Take Steps to Control Inflation
« on: January 21, 2022, 04:55:18 pm »
Yellen Says Fed, Biden Administration Will Take Steps to Control Inflation

January 21, 2022

WASHINGTON—U.S. Treasury Secretary Janet Yellen said on Thursday she was confident the Federal Reserve and the Biden administration would take steps needed to bring down inflation over the course of 2022, provided the COVID-19 pandemic is brought under control.

“Inflation rose by more than most economists, including me, expected and of course it’s our responsibility with the Fed to address that. And we will,” Yellen told CNBC in a live interview.

“We have been hit by a pandemic that has created economic challenges that none of us anticipated, and it is our hope and intention to bring inflation down to levels that are consistent with the Fed’s interpretation of price stability,” Yellen said.  .  .  .

https://www.theepochtimes.com/yellen-says-fed-biden-administration-will-take-steps-to-control-inflation_4227637.html


Wasn't Janet Yellin running the Fed while they were flooding the monetary supply with newly created dollars?  If she wasn't expecting inflation this high, then she is unqualified to run the US Treasury.
Logged
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

Online Kamaji

  • Hero Member
  • *****
  • Posts: 57,968
Re: Yellen Says Fed, Biden Administration Will Take Steps to Control Inflation
« Reply #1 on: January 21, 2022, 05:08:50 pm »
:silly:


You couldn't see it coming, so what should give any us any confidence that you have any real idea how to bring it back down?
Logged

Online DefiantMassRINO

  • Hero Member
  • *****
  • Posts: 10,258
  • Gender: Male
Re: Yellen Says Fed, Biden Administration Will Take Steps to Control Inflation
« Reply #2 on: January 21, 2022, 05:18:25 pm »
They've had a year to implement contra-inflationary policies, but they've done the opposite.  Their Global Climate Change agenda is driving up the cost of energy (by constraining output, supply, and transportation) which drives up the cost of everything else.

One of the few natural competitive advantages America has is its abundant supply of fossil fuel and potentially lower energy prices compared with other Western nations ... BUT NOOOOOOOOOOOOO, the libs throw that away so Al Gore can feel better about never being President.
Logged
Self-Anointed Deplorable Expert Chowderhead Pundit
I reserve my God-given rights to be wrong and to be stupid at all times.

"If at first you don’t succeed, destroy all evidence that you tried." - Steven Wright

Comrades, I swear on Trump's soul that I am not working from a CIA troll farm in Kiev.

Online Wingnut

  • That is the problem with everything. They try and make it better without realizing the old is fine.
  • Hero Member
  • *****
  • Posts: 26,594
  • Gender: Male
Re: Yellen Says Fed, Biden Administration Will Take Steps to Control Inflation
« Reply #3 on: January 21, 2022, 05:20:33 pm »
We are so screwed.
Logged
I am just a Technicolor Dream Cat riding this kaleidoscope of life.

Offline IsailedawayfromFR

  • Hero Member
  • *****
  • Posts: 18,746
Re: Yellen Says Fed, Biden Administration Will Take Steps to Control Inflation
« Reply #4 on: January 21, 2022, 09:20:43 pm »
Logged
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington

Online GtHawk

  • Hero Member
  • *****
  • Posts: 18,822
  • Gender: Male
  • I don't believe in Trump anymore, he's an illusion
Re: Yellen Says Fed, Biden Administration Will Take Steps to Control Inflation
« Reply #5 on: January 22, 2022, 01:28:51 am »
Quote from: Kamaji on January 21, 2022, 05:08:50 pm
:silly:


You couldn't see it coming, so what should give any us any confidence that you have any real idea how to bring it back down?
Oh I'm sure they saw it coming, it's just they thought they could make it stick to Trump instead of Biden.
Logged

Offline libertybele

  • Hero Member
  • *****
  • Posts: 57,457
  • Gender: Female
Re: Yellen Says Fed, Biden Administration Will Take Steps to Control Inflation
« Reply #6 on: January 22, 2022, 01:38:28 am »
Yadda, yadda, yadda  I declare b.s.!
Logged
Romans 12:16-21

Live in harmony with one another; do not be haughty, but associate with the lowly, do not claim to be wiser than you are.  Do not repay anyone evil for evil, but take thought for what is noble in the sight of all.  If it is possible, so far as it depends on you, live peaceably with all…do not be overcome by evil, but overcome evil with good.
Pages: [1]   Go Up
« previous next »