#JanetYellen #inflation #yahoofinance
U.S. Treasury Secretary Janet Yellen testified before the Senate Finance Committee on Biden’s 2023 budget on June 7, 2022. Yellen said that ‘bringing down inflation should be our number one priority.’
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Janet Yellen: ‘Bringing down inflation should be our number one priority’
Inflation has been a longstanding concern for economies around the world. As prices rise, the value of money diminishes, ultimately impacting consumers and businesses alike. This issue has recently come into sharp focus as the global economy recovers from the devastating effects of the COVID-19 pandemic.
Janet Yellen, the former Chair of the Federal Reserve and current United States Secretary of the Treasury, is a staunch advocate for tackling inflation head-on. Yellen believes that bringing down inflation should be our number one priority, as it directly affects people’s purchasing power and erodes their standard of living.
Historically, the primary tool used by central banks to control inflation has been interest rate adjustments. By raising interest rates, central banks aim to cool down an overheating economy and lower inflationary pressures. However, Yellen recognizes that this tool alone may not be sufficient in addressing the current inflationary challenges.
In her role as Treasury Secretary, Yellen has called for a comprehensive and multi-faceted approach to address inflation. She emphasizes the importance of considering supply chain disruptions, bottlenecks in logistical systems, and the scarcity of key commodities. Yellen argues that these factors have contributed to the recent surge in inflation, and they must be addressed in conjunction with traditional monetary policy tools.
Yellen also recognizes the importance of fiscal policy in tackling inflation. While central banks are primarily responsible for monetary policy decisions, fiscal policy is crucial in supporting economic growth and maintaining stable prices. Yellen has been a vocal advocate for government spending on infrastructure, education, and healthcare, which she believes can alleviate supply constraints and enhance productivity, ultimately leading to a more sustainable and controlled inflation rate.
Critics argue that Yellen’s approach risks exacerbating inflationary pressures by injecting more money into the economy through increased government spending. However, Yellen asserts that the potential benefits of such spending, when appropriately targeted, outweigh the risks. She stresses the importance of targeted investments that promote long-term growth and enhance the productive capacity of the economy.
Janet Yellen’s emphasis on bringing down inflation as the foremost priority reflects her commitment to safeguarding the economic well-being of individuals and businesses. By advocating for a comprehensive approach that combines traditional monetary policy tools with fiscal measures and addressing supply chain constraints, Yellen demonstrates a thoughtful and nuanced perspective on addressing inflationary challenges.
As the global economy continues to navigate its recovery, the debate surrounding inflation and its potential consequences remains at the forefront. Janet Yellen’s insights and expertise offer a valuable contribution to this ongoing conversation. While the path to controlling inflation may require a multi-faceted and collaborative effort, there is no doubt that Yellen’s determination to prioritize this issue is a step in the right direction.
Zero IQ
For all the bashing against Biden. Note she did say..
1 Biden supports reducing the deficit
Ban cryptos first before destroying middle class w/ your unemployment goals
More excuses!
Recession is already here!!! Definition of recession is 2 quarterly drop in GDP and we had 3rd drop in GDP now. Yellen, Powell and Gina must be fired. They were worst bunch of pack destroying the US economy. Inflation is high due to reliance on Chinese supply chains by all major US companies. But Yellen targeted S Korea with IRA which lost $60 billion investments from S Korea in battery and chips losing 35,000 high paying jobs which also supports other small business and suppliers in the US.
Inflation will stop on d government stops increasing money supply, and even then it may take a few years to work through the system.
Powell needs to be fired, immediately. And then the private banking cartel known as the Federal Reserve needs to be eliminated! How long are Americans supposed to be suckers to this entity?
This broad is so incompetent it’s getting ridiculous the whole administration is incompetent they spent too much money and they keep printing it. This is ridiculous it’s destroying peoples lives but not them they’ll be fine they’re making thousands of dollars hundreds of thousands of dollars a year it won’t hurt them at all they have no idea how American people really feel it all should be locked up behind bars not running in ministration because they obviously can’t do that maybe they can run a prison cell. Period.
She is facial lying …shaking her head "no" when stating a positive.
The economy will go in a D…Depression. Biden and his clonies have no clue. All the rate increases do nothing as long as he's giving away money to the illegals and world. He even gave eqipment and money to the Taliban via Afganistan. And the billions he will give to China via Taiwan is mind-boggling. He is an agent of both Taiwan and Russia. They always spin what they blame on Trump and are guilty of. Americans are not the smartest, they actually sacrifice their own children for Biden. Amazing.
The collapse of the US economy is inevitable at tthis point. It is just a matter of time. Hungry and brike citizens will pick up hteri guns. Keep number 2. Mass Formation.
The people will create (and participate in) a non-violent, digital, parallel economy and side-step the fed.
Lol, doing a great job! Another 40 year high… enjoy your utopia
A perfect example of a highly-educated idiot who knows some technical terms. In short, most of the leadership of the Western world. Send them to university, teach them some words, unleash them on the world and sit back and watch them destroy it!
Yeah we’ve only been talking about this for 15 fucking years
ABOLISH THE FED…THATS WHAT WE NEED YO DO!
Pupets
another old fart from the white house old age corpse nursing home/number 1 issue get rid of entire dem party starting with joey and kamalakamelhedad
What a joke.
This Yellen guy should step off