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
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
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