Posted on 05/28/2021 8:00:46 AM PDT by ChicagoConservative27
Treasury Secretary Janet Yellen said Thursday “high annual rates of inflation” will persist through the end of the year, stretching the timeline of rising prices past a couple of months as the White House previously indicated.
“My judgment right now is the recent inflation we’ve seen will be temporary, it’s not something that’s endemic,” Yellen said Thursday during a House subcommittee hearing. “I expect it to last, however, for several more months, and to see high annual rates of inflation through the end of this year.
(Excerpt) Read more at breitbart.com ...
Hard to find evidence but if found it will be short lived. Pretty sure I heard that yesterday. I REALLY don’t like these folks. 😕🐫💨💩
Interest rate hikes coming Soon
Just long enough to “flatten the curve”.
“My judgment right now is the recent inflation we’ve seen will be temporary, it’s not something that’s endemic,” Yellen said Thursday during a House subcommittee hearing. “I expect it to last, however, for several more months, and to see high annual rates of inflation through the end of this year.
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“Well, sure there’s a small fire in the kitchen, but at this point it’s confined to the stove area. It’s not like the whole hose is on fire. I’m sure it can be contained.”
Yellen: Inflation will continue until it is no longer continues.
I don’t think I will be planning my investment portfolio around that bit of verbal diarrhea
How in the world can anyone expect for a nation to print trillions of dollars, backed by nothing tangible, and not have high inflation?
The writing is literally on the walls in America's cities. The crud, grim, trash and dirt is building in the streets. The crime and corruption are going through the roof. The homeless and mentally ill will be on the steam vents, living in their cardboard boxes. That's what you get with America Last and the Democrat Party.
This moron controlled the Fed? The only way that she could run a business would be into the ground.
We can only hope. They should do it now to put the brakes on. Will be worse the longer they wait.
The Fed doesn't have a habit of hiking rates on Dim presidents.
Social Security benefits are supposed to be adjusted for inflation (cost of living adjustment is annual). I think it’s the incentive to kill off old people. The Federal government can’t afford to keep paying boomers even more money.
This is a joke.
You can’t debase your currency in debt AND cripple the economy with leftist fantasy without creating inflation.
“Until the end of the 2021 is temporary???? That is a long time you munchkin.”
No it’s not, it’s a very short time. We have temporary extreme supply/demand distortions due to lack of production. Those will fade and inflation will subside again. The inflation/disaster-collapse-wahh-wahh-club will be so disappointed by the lack of disaster.
True story. A gas station owner near me was frustrated by the total destruction for repaving of the major local road going past his station, still showing the bare earth in a blocks long rut after months of slow but supposed progress.
I said to him "When did they tell you this will be done and can open up again?"
The owner told me "They say the end of the year. But they won't tell me what year."
They love inflation, and in fact their policies cause it to happen.
She of blessed memory of the Summers of Recovery.
WHICH YEAR, Janet??????
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