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Yellen warns inflation to remain ‘high,’
force Biden to revise budget forecasts

Original Article

Posted By: Ribicon, 6/8/2022 10:45:23 AM

Treasury Secretary Janet Yellen said Tuesday that she expects inflation to remain “high” this year, even telling lawmakers that the administration’s two-month-old forecast for price increases needs to be revised. A week after admitting that she was wrong about persistent inflation that climbed to a 40-year high of 8.5% this spring, Ms. Yellen told the Senate Finance Committee that the White House also was wrong about its prediction that inflation would average 4.7% this year.(Snip)Sen. John Barrasso, Wyoming Republican, noted that Ms. Yellen said last year there was a “small risk” of inflation and that the threat was “manageable.” “That makes me wonder why Americans


Makes me wonder why this economic arsonist is not arrested for her hand in destroying the USA.

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Reply 1 - Posted by: Ribicon 6/8/2022 10:46:29 AM (No. 1179697)
Small selection of her prevarications. September 26, 2017: "Yellen: Fed perplexed by chronically low inflation" November 24, 2020: "Yellen’s Mandate: Massive Stimulus, Assuaging Fears of Inflation" January 27, 2021: "Jerome Powell and Janet Yellen aren't worried about inflation. Maybe they should be" March 8, 2021: "Yellen plays down inflation fears, pushes for relief bill" March 14, 2021: Yellen says US inflation risk remains small and is ‘manageable’ March 14, 2021: "Prices will rise because of stimulus, but that won't last, Janet Yellen says" May 5, 2021: "Treasury Secretary Janet Yellen said Tuesday she wasn’t expecting an inflation problem as the U.S. economy rebounds, walking back comments that unsettled markets hours earlier."
6 people like this.

Reply 2 - Posted by: planetgeo 6/8/2022 10:53:16 AM (No. 1179704)
Other than having lady parts (inferred, not confirmed as a certified birthing person), what exactly are her compelling qualifications for her job?
10 people like this.

Reply 3 - Posted by: SnowQueen 6/8/2022 11:03:15 AM (No. 1179712)
You have to give her some credit. It's not that easy to make economic predictions when you spend most of your time living under a bridge, shouting riddles at people passing by.
5 people like this.

Reply 4 - Posted by: Rich323 6/8/2022 11:39:45 AM (No. 1179747)
We are finding out more and more, the IVY LEAGUE universities diplomas are made of toilet paper! Let’s go further and say all colleges in the Northeast only produce political scientists regardless of what the diploma says. Obama, Yellen and all those elites have no idea what they are doing. When you’re rich you don’t give a crap about the damage you do because it will never affect your life. She is a disgrace to the US what a loser!
6 people like this.

Reply 5 - Posted by: DVC 6/8/2022 12:04:18 PM (No. 1179768)
It will take at least five years to burn out the inflation that has been baked into the economy by dumping $4 TRILLION new dollars, created-from-thin-air. That's four million millions. Created from nothing. So, if you handed out a check for a million dollars to everyone passing by, handing out another "millionaire" check every six seconds, it would take you 280 days of handing them out for 24 hours a day without break to hand out $4 trillion. They just dumped this much new money into our economy.....which lowers the value of all the money already in circulation, lowers the value of your bank account, lowered the value of your with lower valued dollars, it take more of these "cheaper" dollars to buy anything. 100% caused by Congress and this idiot in the WH. And Yellen is an idiot, too.
9 people like this.

Reply 6 - Posted by: stablemoney 6/8/2022 12:11:45 PM (No. 1179776)
Yellen is a disgusting cretin that has abandoned every economic principle to become a toady for the Democrat agenda, regardless of the ruin it brings to this country. The whining voice grates, and so do the lies. You are fired for abuse of office and violation of the public trust.
4 people like this.

Reply 7 - Posted by: PChristopher 6/8/2022 12:21:32 PM (No. 1179784)
Any politician who says they don't know and that we need to suck it up and deal with it while they have champagne and oysters needs to be dragged through the streets and hung from a lampost like the Hungarians did with THEIR Communists!
2 people like this.

Reply 8 - Posted by: MDConservative 6/8/2022 12:33:53 PM (No. 1179795)
Yellen is another single-focus fool. Her "concern" is unemployment, and she sees only one hammer in her toolbox, STIMULUS. She has no thought that today's unemployment is largely a function of people opting out after discovering their own "new normal" during the pandemic. I have a nephew, for example, who resells stuff he gleans at local rummage sales, thrift stores, and occasionally online sources. He's making/keeping more money now, tax free than he did working. He's "unemployed". For those who would like to place the entire blame on Biden, let's not overlook the contribution of PDT and his administration. Estimates run as high as $12 TRILLION steered into the economy over two years, including those stimulus checks, paycheck protection schemes, Project Warp Speed, medical subsidies, and military involvement in various adventures, including mooring a hospital ship and establishing hospitals that largely went unused. National debt climbed from $20 TRILLION to $30 TRILLION. Government does what it can...
2 people like this.

Reply 9 - Posted by: rochow 6/8/2022 2:38:11 PM (No. 1179887)
Why is this disgusting dame still in office??? This liar should have resigned after her 'predictions' turned out to be nothing but a pack of expedient political lies!!!
2 people like this.

Reply 10 - Posted by: 3XALADY 6/8/2022 2:50:15 PM (No. 1179901)
The inflation number I saw is around 17%. I would believe it is that and more from what I am seeing in the grocery store.
2 people like this.

Reply 11 - Posted by: Ribicon 6/8/2022 3:34:40 PM (No. 1179938)
Everything she does is destructive to the economy, which is exactly what an enemy agent would do. And yet she's still in a position of great power in our government, destroying the middle class through the stated communist method of grinding them between the millstones of taxation and inflation. She's one of the nation's greatest criminals, in my opinion, and she's still at it. So who's the idiot? Certainly not Janet.
1 person likes this.

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