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Author Topic: Yellen Says Fed, Biden Administration Will Take Steps to Control Inflation  (Read 481 times)

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Offline Hoodat

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Yellen Says Fed, Biden Administration Will Take Steps to Control Inflation
« on: January 21, 2022, 11:55:18 am »
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.
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Offline Kamaji

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Re: Yellen Says Fed, Biden Administration Will Take Steps to Control Inflation
« Reply #1 on: January 21, 2022, 12:08:50 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?
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Offline DefiantMassRINO

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Re: Yellen Says Fed, Biden Administration Will Take Steps to Control Inflation
« Reply #2 on: January 21, 2022, 12:18:25 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.
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Offline Wingnut

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Re: Yellen Says Fed, Biden Administration Will Take Steps to Control Inflation
« Reply #3 on: January 21, 2022, 12:20:33 pm »
We are so screwed.
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Offline IsailedawayfromFR

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Re: Yellen Says Fed, Biden Administration Will Take Steps to Control Inflation
« Reply #4 on: January 21, 2022, 04:20:43 pm »
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Offline GtHawk

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Re: Yellen Says Fed, Biden Administration Will Take Steps to Control Inflation
« Reply #5 on: January 21, 2022, 08:28:51 pm »
Quote from: Kamaji on January 21, 2022, 12:08:50 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.
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Offline libertybele

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Re: Yellen Says Fed, Biden Administration Will Take Steps to Control Inflation
« Reply #6 on: January 21, 2022, 08:38:28 pm »
Yadda, yadda, yadda  I declare b.s.!
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