Damage control

Crossville TN

Description

Janet Yellen has issued several statements over the past months downplaying the threat inflation would pose to consumers. U.S. Treasury Secretary Janet Yellen said on Tuesday said she was wrong about the path inflation would take following months of public statements over its perceived threat. "I think I was wrong then about the path that inflation would take," she said during a CNN interview. "As I mentioned, there have been unanticipated and large shocks to the economy (you mean shutting down "our" energy?) that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I didn't at the time fully understand." She cited the COVID-19 pandemic and the Russian invasion of Ukraine as added weight to the economic shock many are feeling. "So really, the shocks to the economy have continued, but inflation is the number one concern for President Biden," Yellen added. In March, Yellen appeared to contradict the White House when she said she was expecting another year of "uncomfortably high" inflation. "I don’t want to make a prediction exactly as to what’s going to happen in the second half of the year, you know, we’re likely to see another year in which 12-month inflation numbers remain very uncomfortably high." Biden met with Federal Reserve Chair Jerome Powell on Tuesday to declare that he's respecting the independence of the central bank. Remember Jerome Powell told us it was "transitory" for 6 months until he finally owned up to it. All damage control for the mid-term elections. The Fed printing money "is" the problem (that is exactly why we have inflation), expect more lies from the idiots!