Yellen: ‘We Will Have to Put Up with Inflation for a While Longer’

[mystery-ak]

Yellen: ‘We Will Have to Put Up with Inflation for a While Longer’

Trent Baker 22 Apr 2022

In an interview with CNBC’s “TechCheck,” Treasury Secretary Janet Yellen predicted that the United States would have to “put up with inflation for a while longer.”

Yellen said the U.S. economy “has been remarkably resilient” given the pandemic, supply chain issues, war in Ukraine and “commodity price increases.” Despite touting the economic recovery, she advised that the ongoing Russian attack on Ukraine would “prolong inflationary pressures.”

“The stock market — I don’t take as a reflection of the underlying strength of the economy,” Yellen stated. “I think the U.S. economy has been remarkably resilient. And when you think of all the shocks that have afflicted the U.S. and the global economy, the pandemic, now the war, Russia’s war in Ukraine, commodity price increases, supply chain issues, the U.S. labor market is doing extremely well. And frankly, I take that as the strongest indication of how the economy is doing, and we have continued to create jobs and are back above pre-pandemic levels in terms of output. So, I think the U.S. economy has been very resilient in the face of an enormous set of shocks.”

Yellen was asked if inflation was going to get worse or if it had peaked.

“Well, it may have peaked, but, look, you know, inflation has been high. And I think the shocks emanating from this unjustified attack on Ukraine will prolong inflationary pressures,” she replied. “So, the outlook is uncertain. As you know, the Fed is taking steps to bring inflation down, but I think we will have to put up with high inflation for a while longer.

https://www.breitbart.com/clips/2022/04/22/yellen-we-will-have-to-put-up-with-inflation-for-a-while-longer/

[rustynail]

I am sick of her face.

[Kamaji]

In other words, the government won't do the hard work to rein inflation in.

[240B]

Treasury Secretary Janet Yellen predicted that the United States would have to “put up with inflation for a while longer.”

This is the statement of an idiot and a fool. Inflation is a one way ratchet. It only goes up. It never goes down. So all the inflation happening now will not be, "for a while longer". Joe Biden's inflation will be with us for the rest of our lives.

The Biden administration is attempting to tell Americans that this is just a temporary fad. They are saying that eventually everything will go back to the way things were with Trump. This is a lie for stupid people.

There is no such thing as inflation prices going back to the way it was. Once inflation happens, it stays that way forever. All anyone can do is stop it from getting worse. But no one can make it go backwards.

All the lost saving value, and all the lost retirement fund value is gone for good. Thank You Biden voters. Your stupidity screwed yourself and all of us with you.

[libertybele]

I am sick of her face.

I am sick of the entire Joe administration.

[LMAO]

These are people who can afford to be so flippant when it comes to inflation

Middle class people, working class, poor people, and retirees cannot

[corbe]

[cato potatoe]

I am sick of her face.

Her voice is much worse.  And what she says is useless nonsense.

[Fishrrman]

Yellen: ‘We Will Have to Put Up with Inflation for a While Longer’

Translation for the po' folks:
"We have no idea how to deal with this, and no idea how long it will last."

[roamer_1]

All of it - ALL OF IT is a damn lie.
Every bit of what's happening is intentional.
Purposeful.

If you want to argue over that  purpose, have at it.
But the end game seems pretty clear to me.

[Hoodat]

All of it - ALL OF IT is a damn lie.
Every bit of what's happening is intentional.
Purposeful.

If you want to argue over that  purpose, have at it.
But the end game seems pretty clear to me.

Yep.

[Hoodat]

In an interview with CNBC’s “TechCheck,” Treasury Secretary Janet Yellen predicted that the United States would have to “put up with inflation for a while longer.”

Considering that she has the absolute power to stop it, her statement indicates that she has already decided to pour more fuel on it.

[libertybele]

All of it - ALL OF IT is a damn lie.
Every bit of what's happening is intentional.
Purposeful.

If you want to argue over that  purpose, have at it.
But the end game seems pretty clear to me.

 

[LMAO]

All of it - ALL OF IT is a damn lie.
Every bit of what's happening is intentional.
Purposeful.

If you want to argue over that  purpose, have at it.
But the end game seems pretty clear to me.

The motivation to get inflation under control with these people is just not there because it doesn’t impact them and inflation makes it easier to manage the debt

[roamer_1]

The motivation to get inflation under control with these people is just not there because it doesn’t impact them and inflation makes it easier to manage the debt

I think it's all magic bananas, and everybody can't see/comprehend for all the zeros. The size of the debt is beyond the ability to understand... Or, the debt is already so bad they know damn well they can't stop what's coming.

[Hoodat]

In other words, the government won't do the hard work to rein inflation in.

More likely, the government will continue to do the work that is causing inflation.