During an interview aired on Tuesday’s broadcast of CNN’s “Situation Room,” Treasury Secretary Janet Yellen admitted that she “was wrong” about inflation and that while “unanticipated and large shocks to the economy” are a part of the reason, she also “didn’t fully understand” supply bottlenecks that have hurt the economy. more
17 Comments on Yellen: ‘I Was Wrong’ about Inflation, ‘Didn’t Fully Understand’ Supply Bottlenecks
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Bottlenecks are described in the textbook for Economics 101. You madame are shoveling bull waste by products!
So she’s claiming incompetence? Lucky for her that’s not a very big sword to fall on.
Maybe AOC would be better. I mean, she does have a degree in Economics.
Or not.
How about Rand Paul?
I said here last month she lied 14 mOnths ago. She knew full well inflation not only was NOT TRANSITORY but would get worse; as it did!
She is lying now!
As i said last month. She lied to protect THE UNIPARTY ; she continues to lie to protect THE UNIPARTY.
Economy was “shocked” by laws Mitch ( Bush Republican “leading GOP) jammed down our throats. And anyone with a degree in Econ (she actually is phd) knew in advance what their impacts would be!
DAN
That is what she is in fact doing!
For 70 years the MSM has forgiven UNIPARTY liars. At the gym Fox and Cnn gave her a pass!
Justa little hiccup we’ll get back on track, sooner or later! So everyone knows this was an adjustment, so the rich really know who they are.
don’t believe they’re incompetent. They lied all the way, intending to kill the middle class, bring the USA to her knees, as part of their “Great Reset”. They are corrupt frauds.
that’s why useless gubmint-t**ts like you get the big $$$?
I think I see how some of this works:
“…Biden is focused on supplementing what the Fed does with actions we can take to lower the cost that Americans face for important expenditures they have in their budgets. Prescription drugs is one example, healthcare costs…utility bills…”
she wants to take our tax dollars and give it to big pharma, the medical industrial complex and the arabs.
they’ll give our money to who they choose and we can pay for it
laterforeverspeaking of bottlenecks,they spend too much time with bottles already, what with pelosi wanting to open a liquor store in the Capital building.
They don’t understand Constitutional Money – why the hell would you expect them to understand anything else about how the REAL world works?!?!
Literally millions of people in this country who run their own businesses and have an intimate understanding of the importance of supply chains in relation to financial stability, but the Ivy League economists whose never worked outside of academia and government doesn’t have a fucking clue.
“best and brightest”
If I go to my boss a year into the burn and say I lied about my ability to do the job I was hired for and then spent a year proving it while lying about the reason my job wasn’t getting done, I’m pretty sure I’d get fired if I didn’t immediately resign.
Just saying.
TheMule
JUNE 1, 2022 AT 9:57 PM
“Literally millions of people in this country who run their own businesses and have an intimate understanding of the importance of supply chains in relation to financial stability, but the Ivy League economists whose never worked outside of academia and government doesn’t have a fucking clue.”
..Rodney Dangerfield covered this very topic years ago, and very effectively too…
https://youtu.be/YlVDGmjz7eM
This one of those statements that can only mean one of two things or possibly both. She’s either completely incompetent or lying, I suspect both.
Yellen: ‘I Was Wrong’ about Inflation, ‘Didn’t Fully Understand’ Supply Bottlenecks”
This is how they get out of admitting to negligence, they plead ignorance.
This is not incompetence……
It’s a planned demolition of the US……
wef logo……build back better……
b b b……6 6 6.
why do you still have a job dindu? maybe get a gig with marie arf-arf working climate-change bullshit.
@CT Ginger June 2, 2022 at 9:10 am
> This one of those statements that can only mean one of two things or possibly both. She’s either completely incompetent or lying, I suspect both.
Or just, genetically, destined to rule.
(Unless feral beasts wild, and kill.)