Yellen on if Inflation Will Hit 2% This Year: It’ll Fall, ‘Can’ ‘Get Into the Twos’

[mystery-ak]

Yellen on if Inflation Will Hit 2% This Year: It’ll Fall, ‘Can’ ‘Get Into the Twos’

Ian Hanchett 8 Apr 2024

During an interview with CNBC released on Monday, Treasury Secretary Janet Yellen responded to a question on whether she is confident that inflation will hit the target rate of 2% by stating that she expects that inflation “will continue to come down over time.” And “we can certainly get into the twos.” Yellen also stated that “we’ve had generally good news on inflation.”

CNBC host Sara Eisen asked, “You’re still confident we can get to 2% this year? We’ve seen a little bit of a flare-up so far this year.”

Yellen responded, “Well, I think it will continue to come down over time. That’s my expectation, and, I’m hopeful that we — we can certainly get into the twos.”

Eisen then asked, “And recovery stays intact with or without Fed rate cuts?”

Yellen answered, “So, I’m not going to make a forecast on Fed rate cuts. The Fed has indicated that they want to make sure that inflation’s really coming down and that they’re obviously considering rate cuts that would be appropriate when they reach that judgment. And we’ve had generally good news on inflation. Let’s look at the data, I believe inflation will continue to come down.”

more
https://www.breitbart.com/clips/2024/04/08/yellen-on-if-inflation-will-hit-2-this-year-itll-fall-can-get-into-the-twos/

[mystery-ak]

Yellen: There’s ‘More Distress’ in Low-Income Households, But Households ‘Generally’ in ‘Very Good’ Shape

During an interview with CNBC released on Monday, Treasury Secretary Janet Yellen said that “Some low-income consumers are perhaps exhausting their buffers of saving that they built up during the pandemic, we’re seeing a little bit more distress at the household level there.” But despite that, “we’ve got a good, strong economy” with “very strong domestic demand” that is “on a solid track” and “generally, households are in very good financial shape.”

more
https://www.breitbart.com/clips/2024/04/08/yellen-theres-more-distress-in-low-income-households-but-households-generally-in-very-good-shape/

[libertybele]

So...wallets are shrinking in only  low income households - got it.

[rustynail]

'But Households(of Government Workers) ‘Generally’ in ‘Very Good’ Shape'

[LMAO]

Yellen: There’s ‘More Distress’ in Low-Income Households, But Households ‘Generally’ in ‘Very Good’ Shape

During an interview with CNBC released on Monday, Treasury Secretary Janet Yellen said that “Some low-income consumers are perhaps exhausting their buffers of saving that they built up during the pandemic, we’re seeing a little bit more distress at the household level there.” But despite that, “we’ve got a good, strong economy” with “very strong domestic demand” that is “on a solid track” and “generally, households are in very good financial shape.”

more
https://www.breitbart.com/clips/2024/04/08/yellen-theres-more-distress-in-low-income-households-but-households-generally-in-very-good-shape/

Wow

Of course Inflation is harder on lower income people than it is on people with higher income

Is she a DEI hire?

[Wingnut]

With an IQ like hers it's a wonder she doesn't need to be watered twice a day.

[240B]

Not a DEI hire. Yellen is a ditzy senile old woman who was hired because the Biden Administration wanted someone from the 1800s to make Biden feel at home. She knows as much about 'economics' as AOC knows about being a barmaid.

[LMAO]

She’s a female version of Paul Krugman

[Bigun]

She’s a female version of Paul Krugman

 

[Wingnut]

She’s a female version of Paul Krugman

Paul is prettier though. 

[GtHawk]

Not a DEI hire. Yellen is a ditzy senile old woman who was hired because the Biden Administration wanted someone from the 1800s to make Biden feel at home. She knows as much about 'economics' as AOC knows about being a barmaid.

She is an honest to God real life Aunt Clara who responds to questions with that same frozen brain look that Biden gets.

[mountaineer]

source: Twitter @jackikotkiewicz