“You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years.”
Treasury Secretary Janet sits down for an exclusive interview with ABC News Chief Anchor George Stephanopoulos to discuss the state of the economy, recession fears and President Joe Biden’s upcoming State of the Union address.
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Janet Yellen, the U.S. Treasury Secretary, has rejected fears of a possible recession and stated that the country’s economy is “strong”. Speaking on the Good Morning America show, Yellen expressed optimism and confidence in the future of the American economy.
Yellen’s comments came amid concerns raised by experts and analysts about the possibility of a recession in the wake of the COVID-19 pandemic. Some have suggested that the recent slowdown in job growth and rising inflation could be early signs of an economic downturn.
However, Yellen dismissed these fears, stating that the economic recovery is proceeding “remarkably well”. She pointed out that the economy has come a long way since the height of the pandemic-induced recession and that the government’s stimulus efforts have helped bolster economic growth.
Yellen emphasized that the Biden administration’s policies, including the American Rescue Plan and the proposed infrastructure package, will further support the country’s economic recovery. She also highlighted the importance of addressing longstanding structural issues such as income inequality and climate change.
Yellen’s positive outlook on the American economy has been echoed by others in the Biden administration, including President Biden himself. In a recent speech, Biden emphasized the need to invest in infrastructure as a way to create jobs and stimulate economic growth.
However, some analysts remain cautious and warn about the risks of a potential recession. They cite factors such as rising interest rates, supply chain disruptions, and ongoing trade tensions as potential threats to the economy.
Despite these concerns, Yellen’s statements offer a glimmer of hope and suggest that the American economy is on a path to recovery. With continued government support and a focus on addressing underlying structural issues, the country may be able to build a stronger, more resilient economy for the future.
This recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
Total delusion. The real jobs or career jobs are cut in half, but sure, there are plenty of jobs delivering food or at fast food places. You have created a massive energy crisis with your climate grift and the overall weakness projected by progressives has meant the US has dropped to BRICS. China is now the world power and will be the world reserve currency option with the dollar. This is because you have weak people in power pushing gai stuff, and diversity. It is fascinating watching countries purposely destroy theme.
Janet Yelling is Russian operative Manchurian style U.S. dollar worth one potatoe.
This broad is so freaking dumb, it’s mind boggling!
She holds no value, she goes on the far left tv box and now blames climate for money woes? Are we really going to allow them to continue to destroy our world while theirs stay protected by our money? That is so unconstitutional it's disgusting and we never voted any of these people into our lives and we don't care what those that signed a contract say, it's null and void, they broke it. Arrest her.
Everything about this woman is transitory except her intelligence. She was indeed born stupid and will some day depart this world in the same state.
Remember to stay focused on the script Janet.
Sometimes there is no arguing with the deluded.
YELLEN are you stupid, were broke and your no helping.
Жалко таких ущербных дур..
What a liar! Gaslighting is the norm. Disgusting.
Let's see here , Yellen lied about inflation being transitory, lied about the American jobs market both during and Post Covid. lied about borrowing money from foreign influences (China and Saudi Arabia), and consistently shows priorities towards the economies of other countries instead of doing her job as Secretary of Treasure of the United States, yet people still take her seriously? Man this country is falling down the tubes fast thanks to idiots like her.
They lie and get away with it because the media is compliant.
How about we replace Yellen with chatgpt ?
Increased borrowing rates and still-high inflation are expected to steadily weaken consumer and business spending. Businesses will likely pare expenses in response, which could lead to layoffs and higher unemployment. And a likely recession in the United Kingdom and slower growth in China will erode the revenue and profits of American corporations. Such trends are expected to cause a U.S. recession sometime in the coming months, i recently read an article about someone that accrued over $250k in this current market crash, and I could really need ideas on how to achieve similar profits.
Inflation is man made, 5 cents used to buy a bag of groceries because the coins had more value, they used more metals for coins, gold and silver etc, now just collected at auctions. Back then the dollar was Gold Standard, but they sneak and lowered the gold standard for the US dollar, and use less metal on the new coins, that's why older coins are worth more, meaning you can work Less Lours not program 9 to 5 and pay value is higher without increasing wage which is scam cuz living expenses are man made. They raise rent and everything else because it's all regulated to keep many slaving. But the US dollar is worth 50 cents or less since they changed it from gold standards, thanks to The Treasury, Federal Reserves, and taxes. So even doing your taxes, since each dollar is not original gold standard, if we were not being slaved, we should get back tripple or more. Even the USA dollar over time start looking like monopoly money. If USA cared about Uniting with everyone, we can work less hours because the dollar and coins increase in value with the Stolen Gold. Besides no one knows who the IRS entities are, not the people working there with suit and ties, those are employees waiting for a check like ever other slave
It's gonna get worse as the next year Election in 2024 gets nasty, vote Trump, Biden's horrible printing and spending money on a foreign war that will never end…….F.Y.I. Trump wanted to fire this GREEDY moron Yellen
"You can't have a recession with…"
This imbecile has been hired by every Democrat admin for 30 years.
As a Millennial, one of the few advantages is having lived through the Great Recession. My advice. Reduce unnecessary expenses, increase your savings by investing in financial markets and do not sell. One thing I know for sure is that diversifying your income can help insulate you from much of the craziness going on in the world.
90% of the US debt. None of the people wanted or voted for.
One example is 20 million to Pakistan for gender studies
They throw gay people off of the rooftops
That’s nothing but a political kick back to their own pocketbooks!
Any bill that is voted on should be one page long and I should have a week to read it before voting on it not 5000 pages
Nor should the American people be told we have to pass it and then you can read it to know what’s in the bill
I love how much this party talks about "creating jobs". People with degrees don't need a minimum wage job, they need an honest paying job that meets the cost of the current environment and nobody seems to want to do this. It's almost like having billions of dollars to your name is no longer enough. I really do feel like some of these greedy assholes want everything.
enough already blaming Fauci Covid and Putin.. you just stole 10 trillion straight out of Compton grocery cart.
Who would ever believe anything these people say? Really?
They government unemployment data is misleading. The real unemployment is 7.4 percent.
She didnt mention participation rate.
Its super low. Like all time low.
You building road and bridges? Where? In US?
Don’t blame Covid and Putin! Look at the mirror.
Another jew here to gaslight you and your family and you're evil if you notice.
Est russkaia detskaia pesnia)
Maybe you don't think so but we have the highest inflation in over forty years because of Biden's policies. The dollar isn't worth squat, 7000 dollars a year more to live for the average family. I guess you are partially responsible, enough of the lies, banks are failing, the reset is coming, what are you smoking, give me some, God.
She is delusional, looking down from her high castle, just like all the other greedy politicians and corporate creeps.
Of course the US is worse off. The money printing went wild & the debt keeps going up. She went to Africa to get business but they shut her out & BRICS is getting stronger to axe the $$. There’s No help to your borders or immigration problems or solving street living. What a joke hyping the recession issues.
These people are incompetent. Even worse? They are lying. Straight up folks
The economy is STRONG! It's the Government that's failing!!
It is all a lie, but the biggest of all is about economy.
They carefully planted thousands of liars everywhere, in the highest echelons of academia, in journalism, for decades.
Almost everybody is paid to make you lose your bearings when you try to understand how economy works. And they have.
I'll say just this, look out for monopolies (hidden ones) the biggest of all being printing money and the rest falling within the supply chain definition. Supply chain is the new kid in town, if we want our living standards back we need to defeat the supply chain monopolies as well as the banks.
The system is rigged in their favour, foolish to think otherwise.
Wise up fellow humans. Speak the truth and never shut up.
Lies.
Haven’t these corrupt economists lied to us enough.
This economy is collapsing, and all the media does is have some corrupt rich person tell us everything is fine. ITS NOT.
Talk to me like a sexy lil Yellen
Golem talks
Didn't they say the republicans where deflecting the recession bit along time ago and now here they are reflecting the recession bit. Man all them mf's are the same DON"T TRUST THEM.
everything has gone down the drain since yellen arrived. our world will be lucky to survive her.
41% of Americans know Biden caused it (ex 1.4% CPI 1/21 vs 6.5% CPI 1/23), because 64% of Americans live paycheck-to-paycheck. If Powell says, "Inflation remains well above our longer run goal of 2%," then Biden failed us. Unemployment's a LAGGING indicator, but inverted yield curves are LEADING recession indicators, and short term yields are controlled by rising FED interest rates, with 3.4% unemployment, they may go even higher. A Fletcher Reede moment for Biden Admin!
She was way off on persistence of inflation.
I don't care what she says from that point on.
Bullshit fjb
HER SKULL BETTA BE STONG CUS ITS HAMMER TIME