During an exclusive interview with CNN’s Melissa Bell from Kyiv, Yellen said the Federal Reserve’s efforts to date to bring down inflation while maintaining a strong labor market appear achievable. “I would say, ‘So far, so good,’” said Yellen, a former Fed chair who led the central bank from 2014-2018. “Obviously there are risks, and the global situation we face is very uncertain,” she said. “There can be shocks from it.
She said it would be “inconceivable” for the United States — “whose currency, the dollar, serves as the world’s reserve currency; a country with the deepest most liquid financial markets where Treasuries are the ultimate safe asset” and “with a credit rating the United States has always had” — to default on its obligations. “It’s utterly essential to preserve that to avoid economic and financial catastrophe,” she told CNN.
This lady was wrong from the atart.. why are is anyone listening to the drfouci of economics.
So far (up), so good (for the elites).
“Don’t put away your wand, Harry.”
You've put us through financial hell since Jan.20,2021 and you dare mention a soft landing. Who's going to pay us back for what we're going to lose these 4 years? Inflation will remain higher than wage gain until you leave office in 2025. Thanks for nothing!!!
I'm glad she let me know it's good, I would of looked at the price of gas,food, housing, home energy, clothing... Which I naively thought was considerably higher than just a few short years ago. ITS GOOD pass it on.
So, is it transitory or not?
Janet Yellen knows as much about finance as Fauci knows about Covid-19.
Everything I buy has gone up. In just in the past 3 months. For example a coke McDonalds was on the dollar menu now it's 1.29
🤣 the crypt keeper has spoken!
lol war on inflation, war on drugs, war on war, we lost them all no victories .
Does she get her hair cut at Supercuts?
Two lying weasels - Yellen / cnn. No credibility- either one…
She should of been fired a yr ago..
She’s a liar
And she really believes that SHITE! That’s what’s really scary 🤦♂️
Of course it will. Brought to you by the media and political regime that peddled: It’s not from a lab Two weeks to flatten the curve The vaccine is 97% effective The booster is effective Their are no side effects Children have to be vaxed Mandatory vax Inflation is transitory
Time to hold democrat VOTERS responsible! These destructive people enabled these horrific people, policies, and endless failures in every sector. Now, blatant corruption & theft of our taxes to fund WW3 while Americans are neglected.
And inflation is transitory. And spending Trillions in unfunded debt won’t cause runaway inflation. And printing payments on debt won’t dilute the currency. I’ll take the 4.5% on 3 month CD as long as it’s offered and buying as many as I can. May go up with her at the helm.
Investing the opposite of what she says may be the best advice since CramerTracker
Is she saying that as she free falls from a fifteen floor building?
yes I love paying twice as much for groceries, gas, and lumber
From the person who famously underestimated inflation in the first place.
😘😘✌️
😳😳😳😳 where do this people live
She also said it was “transitory “ 🤦🏻♀️
Just like she said inflation will not happen and be “transitory”…..