{"id":1458073,"date":"2022-04-29T12:01:52","date_gmt":"2022-04-29T16:01:52","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1458073"},"modified":"2022-04-29T12:02:00","modified_gmt":"2022-04-29T16:02:00","slug":"more-economic-problems-ahead-says-treasury-secy-yellen","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/more-economic-problems-ahead-says-treasury-secy-yellen\/","title":{"rendered":"\u2018More economic problems ahead,\u2019 says Treasury Secy. Yellen"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmore-economic-problems-ahead-says-treasury-secy-yellen%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1458073&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2719119\" class=\"wp-caption alignnone\">\n<p id=\"caption-attachment-2719119\" class=\"wp-caption-text\">Treasury Secretary Janet Yellen speaks during a news conference at the Treasury Department in Washington, Thursday, April 21, 2022. (AP Photo\/Susan Walsh)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 8:35 AM PT \u2013 Friday, April 29, 2022<\/h5>\n<p>Treasury Secretary Janet Yellen is defending Joe Biden\u2019s spending packages despite the record-setting inflation and a slump in first quarter GDP. While speaking at the Brookings Institution on Thursday, she said the US is facing major economic problems in the near future.<\/p>\n<p>Yellen then pointed to skyrocketing costs of fuel, supply chain disruptions and low labor productivity as main reasons for concern. The US economy contracted by 1.4 percent in the first three months of this year, while inflation hit a 42-year high.<\/p>\n<p>\u201cIn recent weeks, energy price movements have been another significant source of global economic shocks,\u201d stated the Treasury Secretary. \u201cThe Biden administration\u2019s proposed energy agenda is designed to diminish our reliance on fossil fuels and help achieve greater energy independence.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">In today\u2019s <a href=\"https:\/\/twitter.com\/BrookingsEcon?ref_src=twsrc%5Etfw\">@BrookingsEcon<\/a> event on policy responses to COVID, <a href=\"https:\/\/twitter.com\/SecYellen?ref_src=twsrc%5Etfw\">@SecYellen<\/a> spoke on the <a href=\"https:\/\/twitter.com\/hashtag\/AmericanRescuePlan?src=hash&#038;ref_src=twsrc%5Etfw\">#AmericanRescuePlan<\/a>\u2019s role in driving rapid recovery that has allowed our economy to face unknown risks\u2014from Delta &#038; Omicron to Putin\u2019s unprovoked attack on Ukraine\u2014from a position of strength. <a href=\"https:\/\/t.co\/wWMmME6Ty2\">pic.twitter.com\/wWMmME6Ty2<\/a><\/p>\n<p>\u2014 Treasury Department (@USTreasury) <a href=\"https:\/\/twitter.com\/USTreasury\/status\/1519798643355791360?ref_src=twsrc%5Etfw\">April 28, 2022<\/a><\/p>\n<\/blockquote>\n<p>Republican lawmakers have said Biden undermined US energy independence by restricting oil pipelines and drilling in the US and making America reliant on the imports from overseas.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Our GDP decreased at an annual rate of 1.4% in the first quarter of this year.<\/p>\n<p>This is the weakest showing since the pandemic recovery began nearly two years ago.<\/p>\n<p>Yet Biden and House Democrats are STILL doubling down on their failed Socialist agenda.<\/p>\n<p>\u2014 House Republicans (@HouseGOP) <a href=\"https:\/\/twitter.com\/HouseGOP\/status\/1519997925291487233?ref_src=twsrc%5Etfw\">April 29, 2022<\/a><\/p>\n<\/blockquote>\n<h4>MORE NEWS:\u00a0<a href=\"https:\/\/www.oann.com\/dhs-secy-mayorkas-testifies-about-plans-after-repeal-of-title-42\/\">DHS Secy. Mayorkas Testifies About Plans After Repeal Of Title 42<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Treasury Secretary Janet Yellen speaks during a news conference at the Treasury Department in Washington, Thursday, April 21, 2022. (AP Photo\/Susan Walsh) OAN NewsroomUPDATED 8:35 AM PT \u2013 Friday, April<\/p>\n","protected":false},"author":79,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1458073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1458073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/79"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1458073"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1458073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1458073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1458073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1458073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}