Posted on 11/15/2022 6:38:28 PM PST by ChicagoConservative27
During a portion of an interview with NBC News on Monday aired on Tuesday’s edition of MSNBC’s “Morning Joe,” Treasury Secretary Janet Yellen stated that she thinks there are “good indications” that show inflation “is poised to come down,” but she doesn’t want to make predictions on a month-to-month basis and she believes that “over the next couple of years,” “inflation will come back down toward normal levels we’re accustomed to.”
Yellen said, “I think we see some good indications that inflation is poised to come down, but –.”
(Excerpt) Read more at breitbart.com ...
Lady, a lot of people don’t have “years”. Let’s hope you’re one of them.
Yeah, while unemployment skyrockets.
Color me unconvinced.
Because demand will drop.
At this rate in a couple of years everyday people won’t have any money left to buy even the most basic necessities.
Of course that won’t happen to the liberal elites, the political hierarchy and their favored special interest groups who will all be protected by the corrupt feral federal government.
A recession will solve infusing inflation in about a year. That’s where we’re heading.
“Transitory”
Well I feel soooo much better about financial matters with that announcement.
Just in time for the 2024 election season.
IMO inflation is roughly (government spending-government revenue)/GDP.
“But what we have to confront is a deep, systemic, and structural restructuring of our world. This will take some time, and the world will look differently after we have gone through this transition process.”
Klaus Schwab 11/15/22. G20 (what was he doing at the G20 Summit? Where’s his country?)
Couple of years? Really? We are going broke you idiotic old woman.
She has zero credibility.
Have you told Joementia to stop throwing more money at any and every idea Mizzzzz Yellen? You take one step forward, Joe spends you three steps back.
Oh no. Inflation is about to go double digits.
Didn’t she previously say it was “temporary”?
It will take more than 2 years to get back to 2% inflation. We will be lucky to have 4% inflation 2 years from now. Once wages start creeping up, inflation becomes sticky.
The Fed is winning the war against inflation. They have never risen the funds rate this fast, and the rate of rise is having a solid impact on inflation. They just have to keep raising the rate and keep it their long enough to prevent inflaiton from flaring back up.
I think we are near a top for the Fed Funds rate. They should not have to go above 5.5%, and may even be able to stop at 5.0%. As long as they don’t cave to wall street and don’t ease the rate prematurely — keep it at 5% for a good year or so — they could really crush inflation. Not to 2%, but maybe to 4%.
Inflation should not go to double digits unless the Fed slams the Funds rate within the next year.
Inflation may come down “over the next couple of years” (entirely too long!) but STICKFLATION is here to stay!
Was she ever right about anything?
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