Analysis

Even After Admitting She Underestimated Inflation, Yellen Still Doesn’t Understand What It Is

0

According to the June 1, 2022, Financial Times, Janet Yellen, the U.S. Treasury secretary conceded she was wrong last year about the path inflation would take. Yellen told CNN: “There have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I didn’t fully understand, but we recognize that now.” To be able to say something meaningful about inflation, it is necessary to establish what inflation is all about. Note that for Yellen inflation is about the growth rate in the consumer price index, which…

This content is for Q17c Membership, Classified Membership, and LifeTime Patriot Membership members only.
Join Now
Already a member? Log in here
QNavy
QNavy is a pool of 3 former Navy Officers, U.S. Navy & French Navy, who served proudly their countries, specialized in conflict analysis as per their respective skills & experience on Special Ops. #NavyVetUnited

CNN Has Finally Realized How Bad Biden’s Presidency is, ‘Worse than Jimmy Carter’

Previous article

France captures top Daesh leader in Mali

Next article

You may also like

Comments

Comments are closed.

More in Analysis