The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on July 25, 2022, 01:26:44 pm
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Commerce Secretary Raimondo: Inflation Has ‘Probably’ Peaked
Trent Baker 24 Jul 2022
Sunday on CBS’s “Face the Nation,” Commerce Secretary Gina Raimondo weighed in on the record-high inflation across the United States.
Raimondo advised that inflation had “probably” peaked, assuming there was not another global pandemic or war. She lamented that there was “so much out of our control” regarding inflation.
“[Biden] is being appropriately deliberative to make sure that, yes, he wants to reduce inflation, and he wants to make it easier for consumers, but he wants to be certain that when we do it or if we do it, it won’t have any impact on American workers.”
Host Margaret Brennan then asked if inflation had “peaked.”
“Anyone who gives you a straight answer to that, I’m not sure, is telling you the truth,” Raimondo replied. “I think probably. But, look, if I had said that year ago, you know, assuming another war doesn’t break out, assuming we don’t have another COVID, assuming — there is so much out of our control. Inflation is … a global problem.”
more
https://www.breitbart.com/clips/2022/07/24/commerce-secretary-raimondo-inflation-has-probably-peaked/
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:facepalm2:
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This obfusciation is so much bull shit. Say it does peak at 15% (At least this rate honestly), and stays that way for 5 years........
Is there a decent journalist who can ask a decent followup question?
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Real estate is bound to deflate as inventory catches up. The ratios are out of whack, and people can't afford it on their salaries. Good luck to the bankers out there.
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:mauslaff: