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General Category => Economy/Business => Topic started by: mystery-ak on March 14, 2024, 04:10:48 pm

Title: US Treasury Secretary Janet Yellen walks back transitory inflation claims: 'I regret saying it'
Post by: mystery-ak on March 14, 2024, 04:10:48 pm: March 14, 2024 9:32am EDT
US Treasury Secretary Janet Yellen walks back transitory inflation claims: 'I regret saying it'
Treasury secretary sits down for exclusive interview with FOX Business

By Kristen Altus FOXBusiness

As Americans have continued to sound off over sticker shock on retail and grocery shelves, the U.S. Treasury secretary admitted Wednesday that her public predictions were wrong.

"I regret saying it was transitory [inflation]. It has come down, but I think transitory means a few weeks or months to most people. And it's lasted longer than that," Janet Yellen told FOX Business’ Edward Lawrence in an exclusive interview.

In early June 2021, Yellen had tamped down inflationary concerns, claiming rising costs and the contributing factors were "transitory," a term used to describe temporary market conditions.

"We have in recent months seen some inflation, and we – at least on a year-over-year basis – will continue, I believe through the rest of the year, to see higher inflation rates, maybe around 3 percent," Yellen said that June. "But I personally believe that this represents transitory factors."

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https://www.foxbusiness.com/politics/us-treasury-secretary-janet-yellen-walks-back-transitory-inflation-claims-i-regret-saying-it
Title: Re: US Treasury Secretary Janet Yellen walks back transitory inflation claims: 'I regret saying it'
Post by: Wingnut on March 14, 2024, 04:21:05 pm: Never let someone with a Moe Haircut give you economic advice.
Title: Re: US Treasury Secretary Janet Yellen walks back transitory inflation claims: 'I regret saying it'
Post by: Hoodat on March 14, 2024, 07:03:09 pm: So the big question is, did she say it knowing it wasn't true? Or did she say it being stupid enough to believe it was true?
Title: Re: US Treasury Secretary Janet Yellen walks back transitory inflation claims: 'I regret saying it'
Post by: DB on March 14, 2024, 07:06:05 pm: Quote from: Hoodat on March 14, 2024, 07:03:09 pm
So the big question is, did she say it knowing it wasn't true? Or did she say it being stupid enough to believe it was true?

She's an idiot. That was a required qualification for the job these days.

So I think that's settled.
Title: Re: US Treasury Secretary Janet Yellen walks back transitory inflation claims: 'I regret saying it'
Post by: LMAO on March 16, 2024, 03:08:20 pm: Quote from: Wingnut on March 14, 2024, 04:21:05 pm
Never let someone with a Moe Haircut give you economic advice.

Never let someone with the leftist agenda give you economic advice

We see the same thing with Paul Krugman. A leftist and an economist. And consistently wrong.
Title: Re: US Treasury Secretary Janet Yellen walks back transitory inflation claims: 'I regret saying it'
Post by: Hoodat on March 16, 2024, 03:18:30 pm: When it comes to consistently being wrong about everything, Krugman is giving Biden a run for the money.