Last month’s upheaval within the banking sector hasn’t pushed America off course from achieving a soft landing, Treasury Secretary Janet Yellen told CNN’s Fareed Zakaria in an exclusive interview Friday. “I do think there’s a path to bring down inflation while maintaining what I think all of us would regard is a strong labor market,” Yellen said. “And the evidence that I’m seeing suggests we are on that path.” She added: “Are there risks? Of course.
Treasury, in conjunction with the Federal Reserve and the Federal Deposit Insurance Corporation, intervened after the regional bank failures to ensure bank customers could access all their money and to stave off future bank runs. The actions taken by the Treasury, Fed and FDIC “stemmed the systemic threat that existed,” Yellen told Zakaria. “Americans should note that America has a safe, strong banking system,” she said.
Why do I get the strong feeling that what 'all of us would regard is a strong labor market' is not, in fact, what all of us would regard as a strong labor market?
it's 90% corporate greed, and 10% inflation from other sources. of course, if anyone dares to try to tax them on it - the corporations will move out of the country. I say, tax them even more if they do that
You can’t have your cake and eat it too.
That skank is bribed. How the fuck did she make 7 million giving speeches during the pandemic? Who was she speaking to, audiences on zoom? SecYellen is a grifter protecting billionaires. Why did she shoot down a wealth tax? This administration sucks.
Biden is and looks like a puppet. I swear I am not even a Republican. I’m on your side. (Mostly) my opinion. I have to get up in the morning and go to actual work.
This lady has no clue!! She called Bidenflation “transitory”…..knowing full well it wasn’t. The clowns 🤡 are running the asylum!
She is an abject failure
I don't trust that graph. Gas went 10 cents higher this week, groceries are still 20% higher than the day Biden became an installed president.
So, how will 4.7 in New taxes affect the labor market and inflation
The issue is production, it needs to be at home and a strong USD$, the strong USD$ is from bringing home the foreign now cheap commodities production is for exporting and creating revenue for US based factory, inflation is this high because foreign variables not under US control
'Romania and Ukraine two sad neighbours'
How about not expect only the Fed to do anything about it All sectors of the economy and financial markets should kick in with protocols when inflation starts. They all helped cause it!
There's no inflation. This inflation is transitory. This inflation was somebody else's fault. Inflation is good.
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The path is to stop printing money but I dont see that happening.
Money supply peaked. That's all we needed. Quit printing trillions.
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Source: CNN - 🏆 4. / 95 Read more »