{"id":1525762,"date":"2022-06-22T11:50:14","date_gmt":"2022-06-22T15:50:14","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1525762"},"modified":"2022-06-22T11:50:22","modified_gmt":"2022-06-22T15:50:22","slug":"treasury-secy-yellen-says-fed-is-responsible-for-addressing-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/treasury-secy-yellen-says-fed-is-responsible-for-addressing-inflation\/","title":{"rendered":"Treasury Secy. Yellen says Fed is responsible for addressing inflation"},"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\">20<\/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%2Ftreasury-secy-yellen-says-fed-is-responsible-for-addressing-inflation%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=1525762&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_2722753\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2722753\" class=\"size-full wp-image-2722753\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/06\/AP22159611255895.jpg\" alt=\"Treasury Secretary Janet Yellen testifies before the House Ways and Means Committee during a hearing on proposed fiscal year 2023 budget on Capitol Hill in Washington, Wednesday , June 8, 2022. (AP Photo\/Jose Luis Magana)\" width=\"1024\" height=\"683\" \/><\/p>\n<p id=\"caption-attachment-2722753\" class=\"wp-caption-text\">Treasury Secretary Janet Yellen testifies before the House Ways and Means Committee during a hearing on proposed fiscal year 2023 budget on Capitol Hill in Washington, Wednesday , June 8, 2022. (AP Photo\/Jose Luis Magana)<\/p>\n<\/div>\n<h5>OAN NEWSROOM<br \/>UPDATED 8:35 AM PT \u2013 Wednesday, June 22 2022<\/h5>\n<p>US Secretary of Treasury Janet Yellen recently appeared to shift the responsibility of dealing with inflation away from the White House. While speaking to reporters on Monday, she claimed the Federal Reserve is responsible for dealing with the American economy.<\/p>\n<p>Her statements came after the organization announced an interest rate hike in attempt to address inflation. Prior to this, Yellen suggested the Biden administration was running out of options to address its mishandling of the economy.<\/p>\n<blockquote>\n<p><strong>\u201cThe primary role for addressing inflation rests with the Federal Reserve,\u201d she noted. \u201cThat said, the President, President Biden would be supportive of some complimentary fiscal actions that would supplement and support what the Fed is doing.\u201d<\/strong><\/p>\n<\/blockquote>\n<p>Additionally, she took aim at 45th President Donald Trump\u2019s economic plan by labeling it as a failed strategy, which did not boost private investments. Her remarks came in spite of economists saying his tax plan increased business investments by over 10 percent with corporate investments being boosted by 15 percent.<\/p>\n<blockquote>\n<p><strong>\u201cWe had very large tax cuts, corporate tax cuts, in the United States in 2017 intended to boost private investment,\u201d said Yellen. \u201cThey didn\u2019t succeed in boosting private investment at all and I think if you look at the history, this has simply not been a lot to boost growth in the United States.\u201d<\/strong><\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Joe Biden has failed to address any of the crises he created for the American people.<\/p>\n<p>From inflation, supply chain shortages, and higher gas across the country \u2013 Biden has failed.<\/p>\n<p>\u2014 GOP (@GOP) <a href=\"https:\/\/twitter.com\/GOP\/status\/1539331825184669697?ref_src=twsrc%5Etfw\">June 21, 2022<\/a><\/p>\n<\/blockquote>\n<p>Meanwhile, President Joe Biden found another target to blame rising inflation on during his vacation in Delaware.<\/p>\n<blockquote>\n<p><strong>\u201cWe also can move in the direction that we can provide for increasing the tax, taxes on those in the corporate area as well as individuals as it relates to Trump\u2019s tax cut, which is inflationary,\u201d stated the President. \u201cGoing out and buying a yacht doesn\u2019t help the economy a whole lot.\u201d<\/strong><\/p>\n<\/blockquote>\n<p>In the meantime, Biden remains in denial about his mishandling of the economy with economists raising concerns about a possible recession.<\/p>\n<h4>MORE NEWS:\u00a0<a href=\"https:\/\/www.oann.com\/pence-delivers-speech-on-economy-amid-record-high-inflation\/\">Pence Delivers Speech On Economy Amid Record High Inflation<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Treasury Secretary Janet Yellen testifies before the House Ways and Means Committee during a hearing on proposed fiscal year 2023 budget on Capitol Hill in Washington, Wednesday , June 8, 2022. (AP Photo\/Jose Luis Magana) OAN NEWSROOMUPDATED 8:35 AM PT \u2013 Wednesday, June 22 2022 US Secretary of Treasury Janet Yellen recently appeared to shift &hellip;<\/p>\n","protected":false},"author":79,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1525762","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\/1525762","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=1525762"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1525762\/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=1525762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1525762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1525762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}