U.S. Treasury Secretary Janet Yellen recently addressed the nation's economic condition, stating that high inflation has been largely due to fading supply shocks and has come down considerably. Despite the price increases, Yellen emphasized that people are generally better off, although she acknowledged that the prices of many goods remain higher than pre-pandemic levels. She also noted that more work is needed to reduce living costs.
Yellen: People worth 8-figures and above generally are better off despite price increases.
Yellen: People generally are better off despite price increases Do you agree? https://t.co/IjMWM2P9H4
Yellen: people generally are better off despite price increases
Treasury Secretary Janet Yellen (aka inflation is transitory) says Americans are better off despite the price increase of goods and services. They blatantly lie and expect everyone to believe it. Insane. https://t.co/v2HBPBHbdu
US TREASURY SECRETARY YELLEN: PEOPLE GENERALLY ARE BETTER OFF DESPITE PRICE INCREASES, BUT WE HAVE MORE WORK TO DO REDUCE LIVING COSTS.
YELLEN: PEOPLE GENERALLY ARE BETTER OFF DESPITE PRICE INCREASES
US TREASURY SECRETARY YELLEN: INFLATION HAS COME DOWN CONSIDERABLY, BUT PRICES OF MANY GOODS ARE HIGHER THAN BEFORE THE PANDEMIC.
US TREASURY SECRETARY YELLEN: HIGH INFLATION IS LARGELY DUE TO FADING SUPPLY SHOCKS.