In an interview with CNBC released on Tuesday, worthless Treasury Secretary Janet Yellen said she was in good company in failing to see that inflation would increase and remain as persistent as it has.” She went on to blame “a series of shocks that virtually no one could have predicted” like Russia’s invasion of Ukraine and supply issues for the inflation problems.
The clueless Yellen responded to some Republicans calling for her resignation for incorrectly forecasting inflation by stating, “I think, through a series of shocks that virtually no one could have predicted, including Russia’s invasion of Ukraine, that have pushed up prices and a series of supply challenges that most people did not anticipate, including me, I think I was in good company in failing to see that inflation would increase and remain as persistent as it has. The Fed clearly understands the problem it faces. And we’re supportive of the actions that they’re taking to bring it down. It is President Biden’s top economic priority.”
Please. We all know that Biden’s top economic priority is to wipe out the American middle class.