CNBC’s Dominic Chu reports on Treasury Secretary Janet Yellen’s inflation comments and how investors are responding. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
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#economy #inflation #buisness
Treasury Secretary Yellen Admits To Being Wrong About Severity of Inflation
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Who are these fossils that don't know how to do their jobs when it comes to working for anyone other than themselves and their bank accounts? The greatest generation needs to move around and retire from life. This is insanity having someone who was born before the dust bowl who hasn't gotten anything right since the depression in the 1920's still making decisions for generations that will have to live with their mistakes long long long after they die
This is all part of moving towards their agenda.. Never, Never trust Janet Fellon yellon.. she can't be this stupid to were my 6th grade kid had better financial commen sense than her.. we could see this coming clearly in 2014 as interest rates were kept at 0% Daaahh,, what do you think was going to happen?? She can't be that stupid..
Fed was wrong, WH was wrong, Yellen was wrong, “17 Nobel laureates “ were wrong, yet no apology from anyone and same people keeping their job to do the same wrong things….
Janet Yellen needs to be fired.. How is it we all knew this was coming but you didn't?? She failed the American people and she should no longer have that job. We are suffering because of her ignorance
Words are cheap. You made a mistake. Now do seppuku if you are really sorry.
1. At least she admitted to her screw up
2. Dozens upon dozens of experts said her plan would cause significant inflation increase and economic destruction… she was very careless with the lives of 350 million people
Now 😴 Biden says there is nothing he can do about inflation at this time, almost like what he’s boss said a couple of years ago, “you’re gonna need a magic wand to fix the economy” this administration and there supporters are a disgrace
Election day gas was $1.58 a gallon in east TN. A pound of bacon under 3 bucks. The border was secured, and Europe at peace. Liberals are the ones that caused this destruction. They voted for this BS. They control the house, senate, and WH. They were handed a great economy. Liberals have did what other countries failed to do–they have defeated America.
Print money wildly and inflation happens. Am I wrong? This is basic stuff. I am surprised someone in Washington said , “I was wrong “. You can’t print money like that for that long. It’s ludicrous.
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Hey man, prohibition is still valid.
You can blame inflation on this fool Janet Yellen and the rest of the Fed Chairs that came before her.
In spite of the economic downturn, now's still the best time to invest in different streams of income and make money💰.
A very big appreciation to Dr Osaba on YouTube for helping me to cure my HIV with his natural herbs medication.may God continue to bless your good work Dr Osaba
Yellan you are such a liar to the people. No forgiveness from the people.
She was wrong? All the red flags were there! Years of experience, like Joey, 50 yrs of foreign policy knowledge. Yeah, it's working out well for America. A bunch of BOZOS r steering the ship. Titanic, here we come!
Hey Joe Biden, If you have not figured it out, Diesel is the main source that powers todays world – Farming, Trucking, shipping, production, construction, military large vehicles anything requires Diesel – if you want to cut inflation – get to work on Oil and Gas production in the USA – Open and complete Keystone Pipeline, add another, support Canadian Oil flow to the US, Open up all US options for drilling, lift restrictions, taxes – say it, do it, oil per barrel cost will drop quickly…and all cost for goods will drop…
Green Energy plan needs to laid out – and worked towards options, power production, Wind, Solar but also need storage capabilities, transmission lines, upgraded transmission stations – lines – all to meet the growing needs,, today you have 2% of cars on the road EV – to get to 10% you will need to double your ability to delivery power, all this will take 10-15-20-30 years…
We need Energy Today – Todays energy is Oil, Gas, Diesel, Natural Gas, Nuclear, Coal – expand it quickly…..
Admit she made a mistake it's nice to have a real administration for a change
Hey Joe If you have not figured it out, Diesel is the main source that powers todays world – Farming, Trucking, shipping, production, construction, military large vehicles anything requires Diesel – if you want to cut inflation – get to work on Oil and Gas production in the USA.
I’ve never heard those three words out of a liberals mouth.
"By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens." — John Maynard Keynes
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So she will resign ?
There should be a boiler plate resignation form for these idiots.
In her defense, there was no way she could have ever predicted the Russo-Ukranian war or to a lesser extent continuing financial impact of Covid
Biden could learn something from her: take responsibility; own it; move on.
There is weight to someone's reputation when they apologize for a mistake in a humble and honest way. As she did in this video clip. I have nothing but respect for her contrition. Millennials, take a note from this. No finger pointing, no blame game, no shirking the truth of the matter. Takes an adult, a human adult to do this.
You've been wrong your whole life.
Yanet.coruptos.crimen
WHY do we even have the fed? And WHY do we appoint people who make mistakes that cost people other than themselves? FIRE HER, crooked fed.
The US Treasury is supposed to handle the currency supply, NOT A PRIVATE ZIONIST BANK! da fed.
As federal as Federal Express. #ENDTHEFED
45 passed huge, permanent tax cuts for the wealthy, and removed a lot of tax credits that the 99% would have benefited from.
The elimination of the personal exemption – a backhanded tax increase that most people did not notice.
The average people got the shaft. Many write-offs are no longer an available option unless those write-offs exceed your standard deduction. While the rich and corporations got the LARGEST tax cut in history.
Beginning with the second and subsequent years the tax rates on the lowest earners increase by 20% marginally.
The tax bill was intentionally written to give favorable effects to lower income taxpayers the first year with increasingly harsh increases to follow thereafter, assuming when people would be less attentive.
Corporations used a small part of the tax cuts for small one-time bonus payouts for employees but the majority was used on stock buybacks. Unfortunately, most voters aren't smart enough to know that they got lied to by 45's administration at the time and they were just helping their rich friends become richer.
Reagan got rid of the Fairness Doctrine, reduced the 1% tax from 73% to 23%, and started the entire mess that we have today.