Treasury Secretary Yellen admits she was wrong on inflation
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- čas přidán 31. 05. 2022
- FOX Business anchor David Asman joined 'America's Newsroom' to discuss the Biden administration's handling of rampant inflation as consumer prices continue to rise. #FoxNews
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This administration didn't "misjudge" anything. This is exactly what they wanted to do...
Thought the same thing.
BINGO!!!
The new mantra should be
"STAY POOR - VOTE DEMOCRATIC".
Interesting. Joe Biden isn't intelligent enough to do anything on his own EXCEPT where it fits your agenda, then he's all of a sudden changed into a brain surgeon.
Bingo.
Reducing the standard of living for millions of people while simultaneously attempting to disarm them.
Excellent point!
and silence them
So they can introduce the one world order
“Unanticipated shocks” is a lie. Raytheon predicted the conflict in Ukraine for the big bucks they would make. This has added to the toxic stew of inflation and global disruptions.
We are being played.
YOU NEED TO COPYRIGHT YOUR STATEMENT. T-SHIRTS AND CAR DECALS. YOU'LL MAKE A BUNDLE.
Every single day Joe and this administration just keeps on reminding us all how great president Trump really was let's go Brandon
Yes let's go brandon. With a hot poker.
I agree Let's Go Brandon
This woman is old and not stupid, she knew exactly what would and was happening. She did not care.
The whole administration has zero accountability.
Right it's a joke and she needs to resign
May god give the evil in our government what they truly deserve.
AKA corporation.
God Save America.
Yes and especially Yellen....she knew!
If he was real I would agree with you, but to be practical we’d have to do this ourselves
You can't push solar panels and electric vehicles when fuel prices are low.
It wasn’t by surprise, it was by design!!!
The poor are fighting the inflation with education and knowledge. They might win we don't know.
EVIL EVIL EVIL
WHO IS RON PAUL?
The Great (American) Reset.
Absolutely, you don’t sign 100’s of Executive Orders and not have a plan!
He told the country what he was going to do, but 81 million still "voted" him in. You reap what you sow.
The documentary movie...
2000 Mules says otherwise...
Yeah…..81 million didn’t vote for him. 16-18 million of those votes were dead people and I myself wasn’t allowed to vote because when I showed up they told me my name was already checked off and I wasn’t allowed to
@@rogertrent9842 - As youknow, mentioning the creative, shall we say, activities in November will get your comment pulled. Big fears about an uncensored discussion.
They cheated with ballot harvesting and dominion machine millions never voted him in ever...
Totally agree!
I have never in my life seen so many people in one administration make mistakes at every turn.
Unfortunately it's done on purpose keep faith in Christ our Savior 👍🙏
Me neither.
None of them have any qualifications
It's not an accident or mistakes.
Obama talked openly about the managed decline of America. Biden is merely following orders if his puppet masters.
No mistakes. All strategically done so they can pretend they made a mistake.
Someone please ask her when has she ever been right on anything?
All of these people are traitors and deserve to be treated as such.
Yes they are.
Absolutely!
The expenditure and stimulation helped us escape a recession caused by the pandemic while also boosting the standard of living for the middle class. If better construction had been implemented, the middle and lower classes would have fared much better throughout this inflation.
Our strategy will be to raise interest rates, which will mostly impact the middle and lower classes. Increased taxes on the wealthy would be a better way to remove money from the system and reduce inflation caused by an excess of money.
Inflation is rampant across the economy... Who knows, but if you are concerned about your future, you should quit relying on the government and begin saving. If you genuinely desire financial independence, you should think about making a few investments. As an investor, I engaged a financial counselor for the previous 11 months, and thanks to her amazing tactics, I've profited about half a million dollars.
@@andrewtownsend886 Who is this your advisor? I'd want to look up her information on the internet using her name.
@@marksway7292 "Eileen Ruth Sparks" is the name of my Advisor. you can look her up as you said.
The FED "has not lost control." The economy is doing precisely what it was supposed to do. We must be desperate to embrace what they have planned for the WHOLE WORLD, not just the United States.
Does that mean it's all okay and forgiven now because she admitted she was wrong because she purposely avoided history and the advice of others? Her ignorance in a position of that magnitude should be a punishable offense.
That woman is mindless, they probably told her to never say that, lets go brandon
I guess I will give her a little credit for admitting she was and still is in hopelessly in over her head. Even at that I will never trust her judgement. How could you.
@@markt5746 you don't get credit for admitting you're wrong when you knew what you were doing was wrong in the first place.
seems like half of the US population are brain dead
So let me guess, she keeps her job, keeps her retirement plan, literally no consequences for her complete and utter failure...meanwhile, any regular person who made such a horrible "prediction" or just outright lied like she did, would have been fired faster than you could count to 3.
She'll be warm and well fed in the winter
Her job is to burn down America,
bonus is replacement organs from don't know where... ( Chynaaa ! ).
Retirement is everlasting life. 😱😪
@@El-px6wl Not a single report by the murdoch faux "news" enragist hacks on the resounding defeat that their conservative-sisters in Australia received a few weeks ago---WHY IS THAT???
U got it she's a democrat
She will be warm when she gets to hell too
These people play stupid, because they dont want you to know that most of what they are doing is on purpose.
That’s correct
She's the secretary of the treasury and she didn't know this would happen? I have a hard time believing that.
If so why she took this job ?
She simply did what she was told to do.
It/He/She 🐑 does not care.
She's a liar
Yellen was wrong? YA THINK!?!
This administration is a joke. Starting at the top.
She is also full of excuses...fire her but quickly!!
oh no no no failing upwards is the trademark of this administration she will probably get a raise
I am not an economist and I knew they were all bullshtting off tops.
If you were an economist you would know that it takes a minimum of 18 - 24 months (or longer) to get inflation off the ground. Who was president back then?
Most of us are not economists and we knew Yellen and the rest of the WH experts were blowing it out of their Keisters. When will we see resignations?
@@voixdelaraison593 Joe Biden
@@voixdelaraison593 so im guessing that every time the economy has a problem it's the previous administration's fault
@@patrickfennell6372 Almost every person Treasonous Trump hired for his Administration was grossly incompetent, turned to be a criminal, or both. Your comment is incredibly ironic.
She is such a liar. If someone like me knew she was not only wrong, but lying, a year ago then she knew she was lying, too.
She said this because of the midterms is getting closer so in other words, she is begging people vote for them. My god, she think we are very stupid.
It is NOT A problem for them but it sure as hell is for the rest of us.
FJB LET'S GO BRANDON.
Who would have thought printing more money in the last two years compared to 100 years combined prior would lead to bad inflation.
She admits that she is wrong only after the catastrophe. That’s like the Captain of the Titanic saying.” Maybe I was wrong to hit that iceberg “.
Libs kept preaching it wasn't because more printing and the idiot sheep believed it. Them being shocked over inflation is a outright lie
Wasn't it Trump who approved a 6 trillion dollar stimulus package in 2020 to try and buy your vote including a 4 trillion dollar slush fund for himself and the banksters?
Those cheeky c*nts thought they could repeat Zimbabwe's mistakes without suffering the same consequences.
Yes such a strange thing no one could predict
She had ONE JOB. 🤦♂️
One doesn't even need a degree in Biology to tell that printing up double the nation's debt would cause hyper inflation...
Just total "gross incompetence" EVERYWHERE in King Joey's administration. Makes Jimma' Carter look brilliant.
With the amount of "mess ups", and not taking responsibility for it, I am thinking it is done on purpose. I think we may have some WEF cultists in our government, who want to bring in The Great Reset where we will own NOTHING and we WILL BE happy. That sounds like a threat to me.
They never admit they are wrong unless they see their power is threatened.
Keep up the pressure so they crack into rubble.
God how this administration sucks sooooooo sick of all of these incompetent liars we deserve better
Who voted for Biden and all the swamp scum. If we can't vote right and get rid of the cheating it will happen again.
The issue isn’t that she was wrong, it is that she pays no penalty for doing so.
That's been the common gist of these scandalous times. From no penalty to a slap on the wrist.
It's almost like an inside joke with them.
Because if the punishment is monetary with x value, the worth of punishment is negligible.
You know, the subject of inflation is something that is taught in introductory economics in most colleges, and again in later classes. Wishful thinking and wanting things to be different doesn't change the natural laws of economics. The Piper must always be paid. There is always a reaction to action or inaction.
Its called a delay tactic. She has been in banking all her life and she didn't see this coming. She needs replaced.
She saw it coming. She was outvoted.
And. arrested
@@janicecooley9080 absolutely
Inflation is not price hikes. Inflation is money printing. Inflation is 100% on the state, since it is a monopoly on money.
We blew that during the Jacksonian era
I am not an economist and I KNEW THIS WOULD HAPPEN!!!!
She's taking the heat for the old man!!! WOW. I'm just a high school educated nobody and I saw it last fall and invested accordingly. And btw...the shock in the energy market was predictable. Grandpa has a visceral hate of big oil and campaigned on it. Having policy limitations on oil makes the price go up. DUH...
Who's worse her for saying that last yr, or the media for not calling her out for it
Inflation never effects the wealthy!
🤦🏻♂️🙄
What Yellen atcualy say is, Anyone who saw 6 months before me that inflasion was to turn bad, is better than me to do the job Im up for
Scary that I know more about economics than the Treasury Secretary who I hope would at least have a Masters Degree in economics. Do we even put qualified people in important positions anymore?
Did you seriously just ask that question. Take a look at Joe Bribe'em.
The first candidate was AOC, but she didn't want to be a secretary now that she is a representative
There are only two options to begin with: A liar or incompetent. They just want you to think it was incompetence because thats repairable.
They're ALL liars
If they were in a private business…they would have been fired long time ago! Incompetent people!
LOL Except the government loves bailing out failed American businesses. So that isn't necessarily true at all.
I guess the silver lining is that this dame isn’t the Fed Chair anymore.
the whole administration has missed the mark on a lot of things. and if people are still believing this president and his crew, are you feeling the pinch now?
Any high schooler that learned economics knows that all the stimulus’s would inflate and saturate our currency. How are these people put in charge of our wealth?!
Exactly. She knew. She lied. Now she is lying about her lies. This is elementary economics. Everything they have done has been destructive to the economy, which is the point.
They’re getting the money back ten fold. I saw people running around in the mall shopping for junk.
@@MikeHunt-no2kt The government thinks they’ve dumb down the population enough that they don’t think we know what simple economic is.
@@DNice337 I'd be willing to bet that most people don't know and don't care, unfortunately. It has all been an ideological subversion and demoralization effort that has been going on for decades. The more ignorant/or stupid. American Citizens are expendable which is why they have opened the floodgates at the southern border. Our government is rogue.
@@MikeHunt-no2kt I don’t see any of your replies on the main comment thread.
Yellen admits she was wrong. Biden will not admit to any wrong doing. What a joke.
I was just about to type the same reply!
How can he possibly admit any wrong doing ?? He can't even remember he's president hahahaha.
How many average joes like me were like "this is gonna cause inflation" "this isnt going to be transitory" etc etc etc. Holy crap how could these educated professionals not see the warning signs? How could they not see the end results?!
You still don't get it
It's incredible, Just how much of Obidens administration...
ALL Look the same...
Put Yellen in the same room as Merrick Garland and you'd think they were twins...
We need President Trump back now and save us all
Trump🎯🇱🇷🙏👍❤
She wasn't wrong, She lied!😡
Exactly!
Well I don’t think she could predict the Russia Ukrainian thing…. Even though there were warnings about it… no one could accept what was happening. My Friend that’s an apologetic leftists and doesn’t pay attention asked me on Jan 6 if that was a historical blight on u.s… I said “no… the inflation of this new administration will be though.”
Covid is just a cold - Republicans
the problem is, they have a clue on how to fix it!! we need a business minded person to fix this, oh wait we did have one, but he got voted out and got this bonehead for a replacement!! way to go brandon!! woohoo!!!
She wasn’t wrong, per se, she just allowed her judgment to be clouded by listening to the rallying cry of politicians whose only “talent” is confidence.
she has been wrong for the past year.
She knew all along! She just failed to be honest from the beginning! The best thing the Biden clan is good at is lying. The have perfected the art!
Nope all on purpose then claim ignorance
I'M SORRY ---sounds so pathetic from a person who is supposed to be the best--BS-BS-BS that's all this administration knows BS and lies -The voters will not forget this.
She was wrong from Day one. She is a 🤡 in the Biggest Clown Administration that we have ever seen.
this administration hasn`t been right about a single D---ed thing.
Can't wait to see the movie once the truth is discovered
@@jett-rampartflyer2852 Biden the movie
Fortunately the imaginary apocalyptic world Fox News Propaganda media creates to keep you MAGA cultists aggrieved doesn’t actually exist. Go outside and play now
@Long Duck Dong liberalism is an incurable mental disorder.
@Long Duck Dong It would be fruitless endeavor
Memo has glued his eyelids shut
Why do they confess after the public has been saying this bs for months on end now? Ffs..
Since a correct monetary policy is her main job, why is she still there.
The US as usual seems to be passing a stack of bad paper. The US needs to loose it's reserve currency status as it's main purpose for some time (and a variety of administrations) seems to be for the US to escape the consequences of widespread theft.
Coming from the criminals that abuse there power ! Incredible!
FJB.....THE MUMBLING BUMBLING ADMINISTRATION....
Couldn't have said it any better 👏
CNN is really asking the “Tough Questions” aren’t they …. Let the American Taxpayers ask some questions !! Lol 😂😂😂
The secretary of the treasury and member of the board of the FED. doesn’t understand inflation? Are you kidding me??!!! This woman should be a Janitor, no offense janitors, I’ve been a janitor. She knew exactly what she was doing and she was either lying then or she is lying now.
BTW the FED is a private Corporation not a part of our government.
If she was most experienced person for this job, she needs to be put in jail. This wasn't a grocery list. 😐 this isn't a Oops job.
This lady needs to be home baking cookies, not managing our economy. Good God, throw her out.
She needs to be baking cookies from a jail cell.
That's your response?!?
😐
💯 I would question her baking skills though lol
I agree
@@Khultan okay how about biscuits and milk gravy
How are these people still employed. This may be a game or an I dont care attitude. Why because it dont effect them and they don't care anyway.
Oil controls the price of everything. High fuel prices, high prices on everything. No brainer. Print more money? Prices go up even more!
Waooo finally someone on this administration admitted something
Yeah they are wrong, but Trump was right so they won't care to help the working poor. Biden says the rich will pick up the tab, like Obama said we can keep our doctor. I am voting "R', everywhere on the polls. If it worked for the Dems, it can work for those that the Dems did not protect.
I agree, but I pray to God the elections hold true this time !!! Or grab your 2nd amendment items!
I'm marking R across the ticket too.Even if it's Rin Tin Tin.We need to break this dam wide open.What is really funny is how many Dems own 9mm hand guns and will be jumping ship.
Thank you Bideners. Great vote. Hope you are getting what you wanted. Sheep. Thank you so much. “5 million on a wall. We don’t have it to spend”
Janet said it out loud ..and it stands for the whole administration....( I DIDN'T TRULY UNDERSTAND 🤔 ) .Hanging in there by a prayer and a thread til the next election 😉 GOD BLESS AMERICA 🇺🇸
Yes
Hello how are you doing?
@@danielkovac5951 what's bro 🤜🤜🤜🤜
@Thomas Smith are u Trump supporter. Bro 🤜🤜
Hello
No one in this administration has a clue!
Paul Pelosi: "I'd be happy if the price of Scotch went down..."😯
20 year old scotch
This Administration doesn’t care.
She does not admit she was wrong.. She lied knowing what was coming down the pike.
Great Janet, now step down and put Kudlow in charge.
They didn't misjudge inflation. The Federal Reserve works with numbers. You know those values that are absolute. They knew exactly the result of their actions would be, and that is the point. The reverse repo market is about 2 trillion. The annual revenue of the US government is 22 trillion. What's that around 8 - 10 percent? They were just betting that 10 percent was enough that you'd notice but not complain. And just for the record. We didn't vote on the liquidity that they injected into the system. That wealth was taken from the people without our permission. That is tyranny and there will be a point where people will draw the line. Otherwise, we will allow them to treat us like cattle for the rest of eternity.
Those numbers are absolute? Yet, they are changed from month to month as they learn more.
@@blintzkreig1638 What I was suggesting was that, even though numbers change, the result of their actions was quantified and projected into the future. They knew the result of their policy because injecting liquidity into the system has been done for decades. And what they did was precise and calculated. They just lied to us about it because we let them...
When you hire some clowns you get a full blown circus.
Conservative Clown Lives Matter
Good job, woman. Let’s put more of them in charge of important things
Just remember if you voted for Sleazy Joe Biden and/or plan to vote democrat in November don’t complain…this is what you voted for…congratulations!
She is selling us out ...
They didn't mis judge anything. They knew and know what they are doing but just don't care. It doesn't matter how much people complain it won't change for the better only for the worse. Buckle up people we're in for one he'll of a ride
We need to get these old people out of DC
Is it gross incompetence, or are they following orders from those who are really in control?
Saying it was transitory was a buffer for a reform bill still being scrambled up.
It's not a problem, for them. For us peasants, it's a really big deal.
Get an education so you can get a good job and pull yourself out of poverty
@@Raven_499 common sense is non existent in the MAGA cult. Obviously
@@billrussell2295 that’s rich coming from you!
@@burnedagain6187 Please don't feed the troll! ;)
@@billrussell2295 Says the uneducated
She admits that she was wrong...but she won't quit.
Nobody is going to stop them so enjoy the disaster and expect it to get a lot worse. And expect us all to continue to do nothing about it.
Pump oil from the ground !!
Lord Mercy how did these foolish leaders not see this coming because grade school children saw it 🤷♀️🤷♀️🤷♀️🤷♀️
they are lying and doing it on purpose.
When actions are so stupid that they are unbelievable , there is a conspiracy.
when is the last time btw youve heard a politician admit to ANYTHING?
Yellen has know idea what she is talking about
You no it!
Janet Yellen, just like Joe Biden,🍦is an Assisted living 🏡 candidate.
Absolutely!! Love the comment !! Lmfasssofffff!!
She needs to be accountable, I think most people knew her policy was wrong
She was awesome during the obama years...snark snark
You just figured this out now huh? We've known this for over a year, GAH!!!
It's not a problem to them they r getting their pockets stuffed with money
Ahh, the Promise of a Midas touch. Turns into the Manure touch!
The actual (for real) term is the Sadim Touch.
Nobody is "wrong" on inflation. If you don't understand inflation, then you are not qualified to be doing your job.
I've known what inflation was it's effect since I was 7.
She needs to be fired ..they are rich they do not care we pay their High Salaries while we the working people suffer to buy food and gasoline to get to work .
You were wrong on inflation. Now do the right thing. RESIGN!
I keep hearing that they don't have answers. Of course they have answers, just none that don't point directly at them.
Of course they have answers they want to “build it back better”
This evil woman did this on purpose none of this is coincidental they are compromised in some form or sold us down the river for a song fool us once shame on me you know the rest let's go brandon
“Tax & Spend | Supply - Demand” = INFLATION. It’s your job Janet - RESIGN
Confession is good for the soul. Resign. Go & sin no more.
"Unanticipated shocks to the economy and supply chain" yes if you are asleep.
A resignation would be a great apology.
Why are they wasting 3 billion forgiving student loan debt?! Why are they allowed to do this?!