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| Economy |
| Yellen Admits Error on Inflation |
| 2022-06-02 |
| [MSN] Treasury Secretary Janet Yellen told CNBC that the White House has several strategies that will reduce inflation she conceded is too high for Americans. In a separate interview Tuesday, Yellen admitted she was wrong when she called inflation "transitory" last year. back in Feb 2021, Yellen backed Biden's $1.9T bill saying it wasn't inflationary - then in April 2021 she said, 'we have the tools to prevent inflation', then in May 2021 she said 'it will be transitory'. She also said that abortions reduce inflation. I can't find any quotes of hers pretending that the Build Back Better bill would reduce inflation so - assuming that is correct, at least she got one small thing right |
| Posted by:lord garth |
| #10 Yellen is a slob who just won't go away, much like Gary Gensler, John Kerry-Heinz, Vicky (Donut) Nuland, and a host of other vermin. Jim Rickards doesn't call her (Yellen) a slob but nonetheless says she's a clueless statistician, hardly an economist, let alone a Chair[wo]man of a major central bank. |
| Posted by: DooDahMan 2022-06-02 20:45 |
| #9 AOC. Not social. |
| Posted by: Thrinemp Bumble7625 2022-06-02 20:44 |
| #8 Social graduated cum laude from Boston. University with double major one was economics |
| Posted by: Thrinemp Bumble7625 2022-06-02 20:43 |
| #7 Bullshit. She has a phD in economics. Managed the FED for 4 years. She is supposed to be a professional economist. Everyone else figured it out. Heck I bet even AOC figured out what would happen and she got her economics degree out of a crackerjack box. |
| Posted by: CrazyFool 2022-06-02 19:02 |
| #6 Nobody resigns in disgrace anymore. Thy get promoted or go on a book tour and become wealthy blaming everyone else. |
| Posted by: ruprecht 2022-06-02 18:57 |
| #5 ^ Accountability is inversely proportional to how high up the gummint ladder... |
| Posted by: M. Murcek 2022-06-02 18:26 |
| #4 Fiduciary Malpractice on a colossal scale... No forgiveness. |
| Posted by: magpie 2022-06-02 18:24 |
| #3 NO excuses for Yellen. She has a Ph. D. in economics and was Fed chairman for 4 years, followed by a year+ as Treasury Secretary. If ANYONE should understand economics, she is it. Janet, do you remember the equation MV = PQ? It exlains everything you need to know about inflation, and I KNOW you learned it in basic economics (since she and I are roughly contemporaries and studied the same textbooks.) |
| Posted by: Tom 2022-06-02 14:22 |
| #2 Why hasn't Yellen already resigned in disgrace then? |
| Posted by: Bubba Lover of the Faeries8843 2022-06-02 13:50 |
| #1 "I don't know what I'm doing, but you don't either!" |
| Posted by: Skidmark 2022-06-02 00:31 |