During an exclusive interview with Meet the Press, Secretary of the Treasury Janet Yellen acknowledges high inflation and slowing job growth but does not see a recession right now. On the possibility of a recession in the future, she believes there is a path to keep the job market up and inflation down.
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#nbcnews #recession #inflation…(read more)
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After decades in the industry, Janet Yellen has once again stepped into the limelight as the first woman to hold the role of Treasury Secretary. The economic environment she has taken up the mantle in, however, is not especially encouraging. With pandemic-related restrictions still in place, there are concerns of another recession on the horizon.
Yet, Yellen remains optimistic. In a recent interview with CNN, the former Federal Reserve chairwoman stated that she believes there is a path to avoid another recession in the current climate. She acknowledged that the economic impact of the pandemic has been severe, with millions of Americans out of work and several businesses struggling to survive. However, Yellen is convinced that a concerted effort from both the public and private sectors could help prevent things from getting any worse.
One of Yellen’s key focus areas in the coming months will be implementing the $1.9 trillion stimulus package signed into law by President Biden earlier this year. The package provides direct financial aid to individuals and businesses impacted by the pandemic, which Yellen believes will help to preserve jobs and stabilize the economy.
Yellen also emphasized the need for a coordinated response from the international community, stating that no country can tackle the pandemic on its own. In particular, she urged the need for increased vaccine production and distribution globally, as economic recovery will be closely linked to progress in public health.
Additionally, Yellen spoke about her commitment to advancing policies that would help increase economic growth in less wealthy areas of the country. She believes that a more inclusive economy is essential, with policies that address issues such as income inequality and systemic racism.
Yellen’s vision for the future goes beyond the current crisis, as she is also focused on longer-term issues such as climate change. The Treasury Secretary has stated that she plans to work with regulators to curb climate change-related financial risks, a move that she believes could help avoid future economic shocks.
As the economic recovery remains fragile, Yellen’s outlook remains optimistic, but cautious. While she acknowledges that challenges lie ahead, she remains committed to working towards a more stable, equitable and sustainable future. Her long years of experience in public policy as well as academia will prove valuable in shaping this future.
In conclusion, Yellen’s appointment as Treasury Secretary may prove to be a turning point in the country’s economic landscape. With the pandemic still in place, and another recession looming, she has made it clear that she believes there is a path forward. Her vision for a more inclusive and sustainable economy is a breath of fresh air in a world that has been rocked by uncertainty, and her optimism is something that will inspire us all.
Avid the recession she going for a depression
She us clueless Sorry had to call her out
Should have not got in so much debt Yellen. It was not an open check book. This lady is delusional. We are in a recession . Businesses are still closing. Really we are spending On food and there is no housing for disabled for seniors. Oh speaking of pipeline open it up. That means recession They are laying off. Like crazy. Not sure where your getting your fake information from. or ate you giving us rose color glasses sight? Sorry but we have been a recession Americans are not ignorant.
Her path is to just put Israel in charge.
It has been working so well up to now, that we should be bankrupt in another 6 months.
listen up Americans. the problem in america IS THE AMERICAN GOVT. yellen is lie8ng and she knows it.
How about another 100 free points to all FICO scores to all in the USA. A broad sweeping measure of good faith.
Send her off to a nursing home
Both are deliberately lying and have no integrity,. Probably smoking crack w H.Biden
What grave yard did they dig this old fossil fool from? She makes NO SENSE
Total and utter disinformation. We are in a recession
Half a year of negitve GDP, 8.2% inflation (up from 2%) negitve wage growth as a result (we all got pay cuts). People paid to stay home must now go back to work, lay offs are popping up everywhere. America knows they are lieing. Let's hope and pray for everyone especially Mrs Yellen to see the light and do the right things for everyone not just themselves. My opinion
Man how stupid does administration think we are??!!! Come on people she is lying as they say like a rug!!!!!
Yeah, thanks to them, we have been on that "path" for 14 years and look here we are now. We are so much worse off! They faked a 2008 recovery with pure inflation!
Con artist
The deer in headlights. Worthless
We are in recession since July 1. We are talking about how to avoid a house fire after the fire department is already hosing the flames. This is a very dangerous politics that is backed by media is a straight line to authoritarian regimes.
Wasn't there a Yellen at Jekyll Island?
It's a Trancession!
It's easy to be an investor during the good times. It's hard to be an investor during the hard times. If you want to be a successful investor, <YOU MUST be able to master your emotions and continue to invest in both types of markets. Especially when assets are on sale.
They'll on admit recession after the mid terms and blame it on trump. Just like everything good that happened in trump's administration was because they got it from Obama and everything bad during the Biden administration is because of Trump and Putin
The first step in solving a
problemrecession is to admit there is aproblemrecession. Looks like we're going to be stuck here for a while.These 2 CLOWNS are Clowning around again
Umm….no.
Why does this dimwit still have a job and you more importantly, why does NBC news and the rest of the MSM continue to betray the American Public by not calling her out on the Carpet??? "There is no Recession" "Zelensky is the new Churchill" "The Laptop is Russian Disinfomation" And you wonder why we despise you all.
Lying through her teeth.
She embodies everything wrong with our current government
Janet Yellen looks like someone is holding a GUN to HER HEAD ??? She SPEWs such NONSENSE !!!
This is the wealthy elites extracting power & wealth from the common ppl under the disguise of just causes such as climate change, equity, etc…
It really sucks Youtube got rid of the dislike button. Man, I would've loved to have watched this video get ratioed. Then again, 255 "likes" is all you really need to know. It won't be long until Youtube gets rid of the like button too.
Just change the definition of recession in the dictionary and move on… oh you already did..ok
Yellen clearly doesn't know what she doing and doesn't know what she's talking about ,this current administration is out of touch with the American people and there needs ,we need to control who's In office that will over see for our best interest, they are obviously looking for there own benefits and need to be removed from there positions to save our country from more ruin immediately !
GOD HELP US