46th and current president of the United StatesWASHINGTON - The United States faces "unacceptable levels of inflation" and an appropriate budgetary stance is needed to help dampen inflationary pressures without undermining the economy, U.S. Treasury Secretary Janet Yellen told senators on Tuesday.
Yellen said she saw the bulk of inflation being caused by supply and demand mismatches, including excessive demand for goods over services during the pandemic and severe supply chain disruptions. High energy and food prices caused by Russia's invasion of Ukraine also have pushed inflation higher, she said.
She has said that the Federal Reserve has primary responsibility for bringing down inflation and that she respects the Fed's independence in setting monetary policy. Yellen said that even though the United States is a major energy producer and exporter it was "virtually impossible" for the United States to insulate itself from oil market price shocks and needed to press ahead with a transition to renewable energy sources.
Source: News Formal (newsformal.com)
Well, no shit.
decreasing the money supply is the only answer. the fed is doing the opposite it was created to do. inform us stop manipulation.
A budgetary stance? Like not sending all of our money away to other countries when Biden can’t even take care of America?
That means CUT BACK on spending NOW ! Put a freeze on all hiring and offer early retirement packages for many. It's time to SHRINK the Fed Gov.!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Video: Treasury Secretary Janet Yellen warns of 'unacceptable levels of inflation' - CNN VideoDuring a Senate Finance Committee hearing, Treasury Secretary Janet Yellen conceded that inflation is at 'unacceptable levels,' but also sought to underscore this is not a problem exclusive to the US. MattEganCNN What an odd endorsement for the end of globalism. MattEganCNN With $5.00 gas and rising inflation, I have to vote Republican, I can't afford another Democrat Congress or Senate. Gas will be $10.00/gallon by 2024. We can't wait, we must act. MattEganCNN Oh yeah, not only the US has this issue so we don't need to do anything.
Source: CNN - 🏆 4. / 95 Read more »
Lawmakers grill Janet Yellen on spending, gas prices as she predicts inflation to stay ‘high’Republican lawmakers grilled Treasury Secretary Janet Yellen Tuesday over high inflation and soaring gas prices, saying the Biden administration’s big spending and clean energy agenda has left Americans worse off. Yellen is one of the many totally incompetent people in this administration. They have no clue how to solve the problems that they themselves create. Voting matters.
Source: WashTimes - 🏆 235. / 63 Read more »
US Treasury Sec Yellen: US faces challenges including 'unacceptable levels of inflation', supply chain snagsUS Treasury Sec Yellen: US faces challenges including “unacceptable levels of inflation”, supply chain snags By Frank_Macro UnitedStates Inflation Frank_Macro No one knows any things 😁 Frank_Macro
Source: FXStreetNews - 🏆 14. / 72 Read more »
Consumer inflation data, Amazon stock split, Yellen testimony top week aheadFOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
Source: FoxBusiness - 🏆 458. / 53 Read more »
US Treasury Sec Yellen: US faces challenges including 'unacceptable levels of inflation', supply chain snagsUS Treasury Sec Yellen: US faces challenges including “unacceptable levels of inflation”, supply chain snags By Frank_Macro UnitedStates Inflation Frank_Macro No one knows any things 😁 Frank_Macro
Source: FXStreetNews - 🏆 14. / 72 Read more »
Video: Treasury Secretary Janet Yellen warns of 'unacceptable levels of inflation' - CNN VideoDuring a Senate Finance Committee hearing, Treasury Secretary Janet Yellen conceded that inflation is at 'unacceptable levels,' but also sought to underscore this is not a problem exclusive to the US. MattEganCNN What an odd endorsement for the end of globalism. MattEganCNN With $5.00 gas and rising inflation, I have to vote Republican, I can't afford another Democrat Congress or Senate. Gas will be $10.00/gallon by 2024. We can't wait, we must act. MattEganCNN Oh yeah, not only the US has this issue so we don't need to do anything.
Source: CNN - 🏆 4. / 95 Read more »