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38 Comments
Submission Statement:
https://x.com/CBSNews/status/1846909026468049389
This coming from the same lady who blew off inflation and called it “transitory”? Yea let’s trust this dolt
[https://www.cnbc.com/2024/10/10/cpi-inflation-september-2024.html](https://www.cnbc.com/2024/10/10/cpi-inflation-september-2024.html)
Inflation stopped being a problem around June 2023.
The desperation by the left is delicious 😋
Prices haven’t gone down, but that’s not how inflation and disinflation works.
By definition, tariffs raises prices, if Trump doesn’t chicken out again and only pay lip service to tariffs.
That said, it’s a distinctly neoliberal argument that free trade lowers prices and raises wellbeing globally. Neoliberalism is also neocolonialism, so even if it raises prices it has a good chance of addressing Trump’s underlying goal of bringing more production to the US. Certainly enticing companies with massive tax credits that they’re allowed to abuse and then renege on the spirit of the deal has been a proven failure.
Too bad Trump has a proven track record of caring more about how he looks than what he does, and his followers do too. Trump won’t impose tariffs that raise prices, which means they won’t accomplish what he wants them to accomplish, the same as last time.
[https://www.bls.gov/opub/ted/2024/consumer-prices-up-2-4-percent-from-september-2023-to-september-2024.htm](https://www.bls.gov/opub/ted/2024/consumer-prices-up-2-4-percent-from-september-2023-to-september-2024.htm)
2.4% isn’t crazy inflation. I think she’s saying she’d hate to see it go back to the 8.3% numbers from 2022.
My guess is they know our current economic system is on borrowed time and are planning on its collapse once the orange guy gets back in.
Just heard that John Deere just layed off a couple of thousand workers due to their Mexico move. How is that good for the US economy? Some will bounce back and some won’t and overall it is a set back for the worker.
A lot of this commentary is ludicrous. It is fact that the regime changed the way they report inflation to minimize the media and public perception impact of their horrible performance. Utility bills are up almost 30% over the duration of the regime. Food costs are up over 22% and gasoline on average is also up over 30%. We print $3 BILLION per day of phony money we do not have. That is 3-thousand million PER DAY. In what world is this not an inflation death spiral. Real incomes are decimated and people are hurting. Please visit this link. It explains that by past measuring norms, that real inflation was 14% just 18 months ago. The numbers are deliberately rigged.
[https://www.fedsmith.com/2023/04/19/inflation-severity-depends-how-its-measured/](https://www.fedsmith.com/2023/04/19/inflation-severity-depends-how-its-measured/)
This is the same person that said inflation was going to be only “transitory” under the Burden/Harass Administration.
Lying ass albino toad.
I remember when Janet Yellen told us that inflation from 2021-2024 was “transitory” so I really don’t care what she thinks a tariff will do
Inflation isn’t a “problem” for everyone. If you, for example, control the means to create it, it’s beyond extremely profitable.
…one might joke, “it’s almost like printing money”.
It seems like most people don’t understand how inflation works…
It doesn’t just go away magically, once prices are up they don’t tend to go back down without intervention. Even trump says deflation would be harmful and he will not push for it.
That said, the tariff plan is really really dumb and will drive prices up further. Kamala’s proposals also don’t really bring prices down because the fed is too chicken to take on the corporate “price leadership” scams. In a rational system, despite inflation, corporate profits would be more static. In our case inflation went up and corporate profits ballooned. You do the math on that and tell me who you think is holding the bag
1.7 trillion dollar package already on the table….
Impossible. Tariffs can increase prices on certain products, but inflation has nothing to do with that since inflation is an increase in the supply of money/credit.
Imagine being someone who would listen to this harpie after she has assisted in fucking the economy for 3+ years
It will help people buy less craps, when they buy something gonna ask questions do I really need it lol 😂 because it’s freaking expensive
Would not harm our economy were things being Made in USA
Diversity hire
That’s a very convenient timed speech she is about to give this time of year .I believe these people claim to be non-political which is bull shit … The manipulation by the private Federal reserve. Manipulation of the deep state which the Federal reserve is part of
Does Janet Yellen not have the most punch-able face in government?
Ron Paul is Right audit the Federal reserve and see what really is going on but guess what they’re never going to do it because then they’ll have to give up their power
Yellen: “Dogs and Cats, living together… MASS HYSTERIA!!1!”
Dear Sec Yellen,
Inflation has but one cause, and it’s literally in the word: The *inflation* of the money supply. Too much cash available chasing too few goods. That’s it. That’s all. The more you print, the less it’s worth.
I’m convinced that’s the actor playing “old” Bilbo Baggins, when in Rivendell…change my mind.
Trump – “Hey, things are still on fire, right?”
Yellen – “Yup, but it looks like it’s toned down a lot. Some of it is just smoldering”
Trump – “Great, lemme throw some gasoline on this real quick”
OP – “Reignite Inflation? I’m sorry when did Inflation stop being a problem?” *completely missing that as bad as things appear to be, they can always be made worse*
They’re pretending like they have slowed it down — they set new narratives and new “textbooks” too quickly for people to backtrack and verify anything at all
Inflation is down to 2.4% month over month. That’s relatively good. Trump held off on raising rates publicly pressuring Powell not to raise rates for a year, which resulted In much higher rate hikes when he left office. Oh and he authorized printing 4x the current money supply, in one year. Yes Biden did carry some of that forward but the issue much like with Bush’s great disaster in 2008 started prior to Obama or in this case Biden taking office.
I love the fed.. If it wasn’t for them, we would all have nothing.. God bless the fed – thank you for letting us have a chance at life <3
Well of you look at the 10Yr yield it looks to break up in a few weeks which will result in higher inflation. It doesn’t matter who’s in the office.
Hey Janet Yellen, if you want to have a “Productive Competition” with China like you have said, quit your job and start doing manual labor like a Chinese slave… lets see how you like it.
These elites are completely disconnected from reality and American society. Janet Yellen wants to pit US citizens against slave labor.
It is time for these people to go.
As Trump says, they have been wrong for 40 years and counting.
Goldfish memories accept:
Paving the road to WW3 is fine, if started by someone else Not-Trump.
Inflation is tolerable bc Trump “will make it worse”.
(a variation of “injuries from mRNA “vaccine” is tolerable, bc “severe illness from death from C19 is worse”.) Basically promotional language (SCARE tactics) are the dangling carrot in your face at all times. The sales pitch is never retroactively measured against what DID happen, which then compels demanding accountability from the sales MERCHANTS for your MONEY BACK. Instead you’re nudged to KEEP INVESTING in the same sources of promising the lesser of 2 bad outcomes, while being conditioned to ACCEPT PROGRESSIVELY WORSE living standards + deterioration of public life/discussion.
Inflation has in fact reached the target 2.4% rate. Same as February 2021. That doesn’t mean everything is suddenly cheaper again. Inflation is the rate at which the currency loses value, not the cost of goods themselves.
The dollar cost of goods will probably never go down to what it was again. The idea is that real wages will rise to meet the increased cost. To illustrate this (with made-up numbers): a gallon of milk was 5 cents in 1920 but people made a dollar a day so it felt about as expensive as a gallon of milk might today. Let’s say the cost of milk today were $2.00. We are technically paying 40 times more for milk than we were in the 20s but it’s not bankrupting us because our wages have increased enough to meet the cost (in theory, just for purposes of this example).
Inflation is over. The Fed has already started reducing the interest rate.
Inflation is trending down. If we get our sh1t together with supply chain issues, labor shortages and gouge pricing, we could get back to normal.
Yellin is saying the tariffs being proposed would set us back. 💫
Whatever Yellen says, the opposite is reality.
If you’re pro globalisization, then it’s a bad idea.
Tariffs will increase prices in the short term but will make U.S. products more competitive long term and will profit U.S. companies that pay U.S. workers. Tariffs work, have worked, and will work if we implement them correctly.
Protectionist policies are harmful to global corporations. If you’re pro U.S., you want tariffs. If you’re pro globalisization, tariffs are bad.
Instead of Tariffs on foreign goods and products, , let’s do a “un-realized gains” tax on everyone’s homes and stock portfolios, waaaay better, right? Right ?
it is way down to <3% , tariffs raise prices on imported goods causing inflation.