Finance
Now Secretary Yellen Predicts Rapid Inflation Joining in on the FED’s Message YesterdayJoe Hoft
Janice Yellen is finally recognizing that the economy will be impacted by rapid inflation. This is before the additional trillion-dollar give-aways to Democrat friends will do to the already high rising inflation.
Only yesterday we reported that the Federal Reserve Chairman, Jerome Powell, was finally warning about inflation.
Today Janice Yellen joined the discussion.
Treasury Secretary Janet Yellen acknowledged “rapid inflation” will persist for several more months after she repeatedly downplayed the risk of consumer price increases.
Americans can expect consumer prices to continue their rapid rise until returning to normal in the “medium term,” Yellen said Thursday in an interview with CNBC. But Yellen, along with top Federal Reserve officials, predicted inflation wouldn’t be a concern.
“We will have several more months of rapid inflation,” Yellen told CNBC. “So I’m not saying that this is a one-month phenomenon.”
“But I think over the medium term, we’ll see inflation decline back toward normal levels,” she said. “But, of course, we have to keep a careful eye on it.”
It’s really shocking that the leaders of America’s top financial entities are only now realizing that the US is having rapid inflation. We could see this coming a mile away after the massive spending bills the Democrats put in place and are planning.
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