Janet Yellen tells Congress US faces ‘unacceptable levels of inflation’

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Treasury secretary admits she regrets describing inflation as ‘transitory’ and says it is ‘top economic problem at this point’

Janet Yellen told Congress that the US is facing “unacceptable levels of inflation” on Tuesday as the treasury secretary defended herself from criticism of her previous comments that rising prices were “transitory”.

 

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My party, the Democrats, are going to have their asses handed to them in next the election. Thanks Joe & Co.

She also said she was late in realizing how quickly inflation was taking hold. What is she doing. That's her job!

These people, pretending not to know what inflation actually is, are either liars or incompetent. After years of Quantitative Easing (increasing the money supply), and companies buying back their own stock rather than investing in production, the result can only be higher prices.

bitcoin is the solution 🌞

Please explain how Corporates are swimming in cash if wages are driving inflation? Aw, nevermind, let's just push our economy into recession so we can keep wages low.

Too bad she did not have that revelation before she and her president were happily causing the inflation…

Getting really tired of seeing these old ass dinosaurs

Or is it unacceptable levels of greed?

✋️ your lies and stop yellen at people you clearly have no clue whats going on SecYellen

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Yellen urges Congress to do more to fight inflation\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t Stop the crooked congress bahahaha Welcome to 2022 you hack
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