Ok, We Can All Relax About the Economy Now. It's All Good. - Ms. Yellen Told Us So - Kinda, Sorta Anyway.

Treasury Secretary, Janet Yellen, predicts that inflation will cool down in 2023.

In 60 Minutes interview that aired on Sunday, Yellen said:

- “I believe by the end of next year you will see much lower inflation, if there’s not an unanticipated shock,”

But she is hedging her bets as you can detect from her weasel worded statement including "unanticipated shock" there. https://cnn.it/3WcXfvW

She also noted:

- “There’s a risk of a recession, but it certainly isn’t, in my view, something that is necessary to bring inflation down.”

Not necessary but...just a risk.

Meanwhile, to celebrate this good news, the Fed is widely expected to hike rates again on Wednesday. The seventh in a row.

Why? If its all good?

- Uh, maybe cause it ain't.

The Fed...screwing the American public since 1913.

#janetyellen #inflation #recession #yellen #federalreserve
Ok, We Can All Relax About the Economy Now. It's All Good. - Ms. Yellen Told Us So - Kinda, Sorta Anyway. Treasury Secretary, Janet Yellen, predicts that inflation will cool down in 2023. In 60 Minutes interview that aired on Sunday, Yellen said: - “I believe by the end of next year you will see much lower inflation, if there’s not an unanticipated shock,” But she is hedging her bets as you can detect from her weasel worded statement including "unanticipated shock" there. https://cnn.it/3WcXfvW She also noted: - “There’s a risk of a recession, but it certainly isn’t, in my view, something that is necessary to bring inflation down.” Not necessary but...just a risk. Meanwhile, to celebrate this good news, the Fed is widely expected to hike rates again on Wednesday. The seventh in a row. Why? If its all good? - Uh, maybe cause it ain't. The Fed...screwing the American public since 1913. #janetyellen #inflation #recession #yellen #federalreserve
CNN.IT
Treasury Secretary Yellen predicts major inflation cooldown in 2023 | CNN Business
Treasury Secretary Janet Yellen is striking a cautiously optimistic tone about 2023, predicting a major inflation cooldown and stressing that a recession isn't required to get prices back under control.
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