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Since Ma Yellen can’t predict anything correctly, that either means expect deflation or extremely high inflation (hyperinflation).
‘Hard to believe people are being paid to be this stupid.
Just go down the list:
Granholm as Energy Secy.
Mayorkas as Homeland Secy.
Buttgeig as Transport Secy.
Not one of these people has any idea what they are doing. It’s damn frightful. Inflation is going nowhere. Gas is going to $10/gal. And if these yahoos aren’t voted out in droves in November, we have a perilous 2.5 years ahead. Scary times with this mentally inept leader in the White House and no one to keep his cabinet accountable.
Straight from the treasury.gov website: The Secretary of the Treasury is responsible for formulating and recommending domestic and international financial, economic, and tax policy, participating in the formulation of broad fiscal policies that have general significance for the economy, and managing the public debt.
She does none of these things. She is worried about global warming, abortion, and gun laws. What a JOKE! How does she still have this job? We have to do better than this or we are looking at a serious recession if not depression.
One news channel reported that Yellen said high federal spending was not the cause of inflation. The legislators want to investigate the every industry that raises prices. Maybe they should look in a mirror for the cause of inflation . LOL on that happening!
Biden & Co. could be right that it is not a problem for the government. Higher interest payments, just print more money to pay it. That will wipe out the working class, and then tax the workers higher as their wages go up, and tell them they’re rich. It’s a win-win for government.
Problem is “we” are the government! “Voting them out in droves in November” (see above) is our only hope.