Janet Yellen warns the Fed will 'need
great skill' and 'some good luck' to avoid
recession: Treasury Secretary admits economic
downturn and higher gas prices in winter
are a 'RISK' despite her multi-state victory
tour for Biden
Daily Mail (UK),
by
Elizabeth Elkind
Original Article
Posted By: Imright,
9/11/2022 7:40:12 PM
Treasury Secretary Janet Yellen admitted on Sunday that a looming recession and higher gas prices are a 'risk' for the Biden administration in the coming months.
It's a stark departure from months of talking up the economy in spite of growing concerns from experts and lawmakers and decades-high inflation.
Some of the loudest warnings are coming from progressive Massachusetts Sen. Elizabeth Warren, who has said for months that Federal Reserve Chairman Jerome Powell's interest rate hikes to bring down spending will plummet the country into a recession.
Reply 1 - Posted by:
Flyball Dogs 9/11/2022 7:43:50 PM (No. 1274949)
I’m not an economist. But is this woman an idiot? (Or just a political hack.)
43 people like this.
AVOID a recession? We are already in one, despite all the ignoring that the "news" industry is doing about it.
If a pubbie were in office they would be screaming about a "depression" by now.
41 people like this.
Reply 3 - Posted by:
Safari Man 9/11/2022 7:45:40 PM (No. 1274953)
She means “avoid admitting” a recession. We’re well into a Biden recession now. Isn’t it amazing how everyone in the Biden admin is well-instructed on how to lie?
42 people like this.
Reply 4 - Posted by:
Bur Oak 9/11/2022 7:47:48 PM (No. 1274955)
The repeat previous poster. We are already in the Biden/Yellen recession.
17 people like this.
Reply 5 - Posted by:
Quigley 9/11/2022 7:54:40 PM (No. 1274958)
The dims have a quality of freak that the Republicans cannot match. Yellin is up there. That mayor of chicago. Naddles. Bug eyes.
Yellin looks like a star wars character. #1 she’s an idiot political hack.
24 people like this.
Reply 6 - Posted by:
Jethro bo 9/11/2022 7:59:49 PM (No. 1274961)
Looming? Looming?!!!! What the Hades? What 'looming' recession? We're in it now and its only going to get worse. Diaper Joe and his cell punk Manchin saw to that! I two months the wheels start to come off the economy. Summer gas prices are about to rebound to the +$4 bucks a gallon Shortage continue and people begin to face the reality of very cold winter. Oh, and the 3rd quarter will be negative again.
24 people like this.
Reply 7 - Posted by:
kono 9/11/2022 8:18:21 PM (No. 1274971)
Too late, Janet. Recession's already here.
16 people like this.
Reply 8 - Posted by:
Cardsfan 9/11/2022 8:22:37 PM (No. 1274973)
Setting expectations. If (when) the recession is evident, the message will be “we told you so” (but it’s Trump’s fault). If we dodge the bullet it will be due to the aforementioned ‘great skill’ .
7 people like this.
Reply 9 - Posted by:
snakeoil 9/11/2022 8:27:38 PM (No. 1274975)
If the GOP wins in November the goal is to prevent the Bidet recession from turning into the Bidet depression.
10 people like this.
Reply 10 - Posted by:
scottj 9/11/2022 8:29:14 PM (No. 1274976)
Janet Yellen created 8 years of misery under Obama. Then Trump had the economy booming. Now Janet Yellen is back and the economy has gone to hell once again. How can anyone vote for a Democrat?
20 people like this.
Reply 11 - Posted by:
VirtuDawg 9/11/2022 8:43:17 PM (No. 1274982)
Since there is a deficit of any SKILL in this "Administration" -- where appointees are selected based on gender, sexual identity, race, ideology, etc. -- then we'll just have to rely on dumb luck . . .
8 people like this.
Reply 12 - Posted by:
jalo1951 9/11/2022 8:56:26 PM (No. 1274990)
Prep, prep, prep.
6 people like this.
Reply 13 - Posted by:
downnout 9/11/2022 9:15:47 PM (No. 1275008)
And if the railway workers don’t come to an agreement by 9-15, they go on strike. If you think we have shortages now, just wait.
3 people like this.
Reply 14 - Posted by:
cor-vet 9/11/2022 9:18:28 PM (No. 1275011)
Those higher gas prices in 'winter' will be hitting around Nov. 4th, if the Dominion machines do their job!
3 people like this.
Reply 15 - Posted by:
DVC 9/11/2022 9:26:38 PM (No. 1275015)
Total BS. We have been IN a recession for months, you liar.
7 people like this.
Reply 16 - Posted by:
stablemoney 9/11/2022 9:56:19 PM (No. 1275033)
Janet is a toady and a fraud. We are in a recession that will get worse. There is no way to cure the inflation without raising interest rates. Higher prices that people cannot afford to pay, or higher interest rates that people cannot afford to pay, will get a recession. The imbalances Biden has created on top of the virus fiasco are larger than after WWII. We are in for a lost decade. It cannot get better with the leadership we have. Republicans have to retake Congress, or we are in for a very hard fall.
5 people like this.
Reply 17 - Posted by:
LC Chihuahua 9/11/2022 10:46:30 PM (No. 1275053)
Democrats never have economic downturns. If there is one, blame it on Republicans.
Yeller is talking about recession in case they lose the midterms. Saddle the Republicans with it.
2 people like this.
Reply 18 - Posted by:
Strike3 9/12/2022 1:52:10 AM (No. 1275114)
We know that they lack minimal skills in leadership or managing the economy so it all depends upon Lady Luck.
1 person likes this.
Reply 19 - Posted by:
mifla 9/12/2022 4:36:24 AM (No. 1275138)
Lady, if you need luck to do your job, you should resign.
2 people like this.
Reply 20 - Posted by:
Trigger2 9/12/2022 5:33:45 AM (No. 1275159)
In other words, Janet will see to it that she will take the rest of the money away from you that Joey hasn't already grabbed.
1 person likes this.
Reply 21 - Posted by:
lakerman1 9/12/2022 8:30:48 AM (No. 1275241)
Budeb;s cabiet is a collection of the inept.
Yellen fits perfectly with that group.
1 person likes this.
Reply 22 - Posted by:
whyyeseyec 9/12/2022 10:14:43 AM (No. 1275336)
What Yellin is yellin' is that Biden and the Democrats, (who stole the election from Trump), have been a big fat failure and will continue to fail us going forward. We should all expect our standard of living will continue to fall as energy prices rise and food shortages become part of our landscape.
EV anyone?
0 people like this.
Reply 23 - Posted by:
MickTurn 9/12/2022 11:04:12 AM (No. 1275402)
Too Late to be Yelling, we're IN a Recession an Joey Pervert Biden created it!
0 people like this.
Reply 24 - Posted by:
Vaquero45 9/12/2022 11:07:03 AM (No. 1275408)
This woman’s IQ is six points above plant life!
1 person likes this.
Reply 25 - Posted by:
learner 9/12/2022 11:15:00 AM (No. 1275417)
Are we still in transitional inflation territory? Is the new definition of recession is that it only happens during Republican admins? My rule of thumb still applies. If it comes out of a dem mouth it is either opposite of what they say and the reality of the situation or a projection onto others with accusations of which they are actually guilty of.
0 people like this.
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