During an interview with CNBC, Treasury Secretary Janet Yellen told Americans that we will likely have to “put up with inflation for a while longer.”
She declared that the United States economy "has been remarkably resilient" over the last few years through the pandemic, supply chain issues, and the Russian invasion of Ukraine. However, she added that the ongoing war will “prolong inflationary pressures.”
“The stock market — I don’t take as a reflection of the underlying strength of the economy,” Yellen explained. “I think the U.S. economy has been remarkably resilient. And when you think of all the shocks that have afflicted the U.S. and the global economy, the pandemic, now the war, Russia’s war in Ukraine, commodity price increases, supply chain issues, the U.S. labor market is doing extremely well. And frankly, I take that as the strongest indication of how the economy is doing, and we have continued to create jobs and are back above pre-pandemic levels in terms of output. So, I think the U.S. economy has been very resilient in the face of an enormous set of shocks.”
When asked if inflation had finally peaked or if it was going to get worse, Yellen replied, “Well, it may have peaked, but, look, you know, inflation has been high. And I think the shocks emanating from this unjustified attack on Ukraine will prolong inflationary pressures."
She added,“So, the outlook is uncertain. As you know, the Fed is taking steps to bring inflation down, but I think we will have to put up with high inflation for a while longer.
Trending Political News
Yellen Predicts ‘We’re Likely to See Another Year’ of ‘Very Uncomfortably High’ Inflation
On Thursday, Treasury Secretary Janet Yellen appeared on CNBC's "Closing Bell" and predicted that “We’re likely to see another year in which 12-month inflation numbers remain very uncomfortably high.”
She added that there is still a large amount of uncertainty surrounding the conflict between Russia and Ukraine. However, Yellen expressed confidence in the Federal Reserve “to make a meaningful difference going forward.”
Proposed Maryland Bill Would Allow Babies to be Killed 28 days After Birth
What a disgusting, evil world we live in.
A new bill proposed in the Maryland Senate would allow newborn babies to be killed up to 28 days after birth. That's right, they would be allowed to die a whole month after being born!
Lifesite News reports: Senate Bill 669 is also known as the Pregnant Person’s Freedom Act of 2022...
Mayor Buttplug's Husband Had Kids Pledge Allegiance to the Rainbow Flag
Former South Bend, Indiana Mayor Pete Buttigieg is back from his "paternity leave" to wreak more havoc as the Biden Administration's secretary of transportation.
His husband, Chasten, is now making headlines for having young children pledge their allegiance to a rainbow flag....That's right..not the American flag, but a rainbow one.
WATCH: Cackle Queen Laughs Manically While Talking About Ukrainian Refugees
Vice President Kamala Harris burst into laughter on Thursday during a press conference with the president of Poland regarding Ukrainian refugees.
When a question was asked by reporters, Harris appeared confused as to who was supposed to answer the question, even though it was directed at her.
One reporter asked her a question about Ukrainian refugees and added a follow-up question to Polish President Andrzej Duda, to which Harris was…
WATCH: Off-Duty Officer Kneels on 12-Year-Old Girl's Neck During School Fight
A school fight video has gone viral, but not for the fight itself.
After two girls at Lincoln Middle School in Kenosha got into a cafeteria fight, an off-duty police officer who was moonlighting as a security guard at the school pulled them apart and fell to the ground, hitting his head in the process.
LOL - Psaki Briefs TikTok Influencers: 'Russians Hacked 2016 Election'
Every single day that passes, the Biden Administration proves just how much of a joke they are.
This week, White House press secretary Jen Psaki met with TikTok influencers to brief them on the dangers of Russian "disinformation." Yet, she told them straight up lies, and spread disinformation herself.
“When I heard this briefing was happening, I basically crashed and invited myself,” Psaki began, and then…
Based Maher Asks ‘Why Didn’t Putin Invade When Trump Was in Office?’
As of lately, it appears that HBO's "Real Time" host Bill Maher has been micro-dosing himself with the red pill.
On Friday, he laid into people attempting to blame the Russian invasion of Ukraine on former President Donald Trump. He asked, "If Putin thought Trump was really that supportive of him, why didn’t he invade when Trump was in office?”
WATCH - FNC Reporter Humiliates Psaki for 'Blaming Putin for Everything'
Right now, the Biden Administration is doing all they can to deflect blame away from themselves and onto Russian President Vladimir Putin when it comes to inflation and high gas prices.
However, that simply is not the case. Prices were on the rise before Putin ever invaded Ukraine.
Fox News White House correspondent Peter Doocy put White House press secretary Jen Psaki in her place after calling her out for blaming Putin for everything.
Brandon Rages: ‘I’m Sick’ of Americans Blaming Me for Inflation, Instead of Putin
On Friday, President Joe Biden went full Brandon....you never go full Brandon.
He raged that he was "sick" of Americans blaming him for inflation instead of blaming Russian President Vladimir Putin or the pandemic.
Leave a Reply