{"id":1547446,"date":"2022-07-10T14:04:06","date_gmt":"2022-07-10T18:04:06","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1547446"},"modified":"2022-07-10T14:04:13","modified_gmt":"2022-07-10T18:04:13","slug":"gop-governor-says-recession-is-coming-treasury-secretary-has-misled-america-and-should-be-fired","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-governor-says-recession-is-coming-treasury-secretary-has-misled-america-and-should-be-fired\/","title":{"rendered":"GOP Governor Says \u2018Recession Is Coming,\u2019 Treasury Secretary Has \u2018Misled America\u2019 And Should Be Fired"},"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\">30<\/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%2Fgop-governor-says-recession-is-coming-treasury-secretary-has-misled-america-and-should-be-fired%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=1547446&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--><p>New Hampshire Governor Chris Sununu (R) predicted that a recession is coming and blasted Treasury Secretary Janet Yellen, claiming \u201cshe\u2019s completely misled America\u201d and should be fired.<\/p>\n<p>Sununu made the remarks during an interview on CNN\u2019s \u201cState of the Union\u201d on Sunday.<\/p>\n<p>\u201cA recession is coming. You cannot add $5 trillion to America\u2019s balance sheet and just hope it goes away. The recession is coming. The Fed, I think, has known this for a while. They\u2019ve kind of ignored it,\u201d the governor told CNN host Jake Tapper.<\/p>\n<p>\u201cThey should have been easing us into the right rates and where we need to go over a year ago. You have a treasury secretary who is saying, \u2018Oh, it\u2019s not inevitable.\u2019 Well, of course, it\u2019s inevitable. You don\u2019t need four years of Dartmouth economics to know that when you add $5 trillion, there has to be some outcome, and unfortunately, the outcome is high gas prices, high housing prices, the price of a taco is getting unbearable for some folks. And it hits middle and lower-income families very, very hard. That\u2019s just going to be the issue going forward,\u201d Sununu added.<\/p>\n<p>The New Hampshire Republican was also asked about his ideas to improve the situation. His key recommendation was to terminate Yellen from her role as Treasury Secretary.<\/p>\n<p>\u201cFirst, I would fire the Treasury Secretary. I think she\u2019s completely misled America,\u201d Sununu said.<\/p>\n<p lang=\"en\" dir=\"ltr\">&#8220;I would fire the treasury secretary. I think she&#8217;s completely misled America \u2026&#8221;<a href=\"https:\/\/twitter.com\/GovChrisSununu?ref_src=twsrc%5Etfw\">@GovChrisSununu<\/a> of New Hampshire tells CNN&#8217;s <a href=\"https:\/\/twitter.com\/jaketapper?ref_src=twsrc%5Etfw\">@jaketapper<\/a> about his issues with how the Federal Reserve has dealt with a possible recession on the horizon. <a href=\"https:\/\/twitter.com\/CNNSotu?ref_src=twsrc%5Etfw\">@CNNSotu<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/CNNSOTU?src=hash&#038;ref_src=twsrc%5Etfw\">#CNNSOTU<\/a> <a href=\"https:\/\/t.co\/LASRXcrgBI\">pic.twitter.com\/LASRXcrgBI<\/a><\/p>\n<p>\u2014 CNN (@CNN) <a href=\"https:\/\/twitter.com\/CNN\/status\/1546127076666875904?ref_src=twsrc%5Etfw\">July 10, 2022<\/a><\/p>\n<p>Last month, Yellen <a href=\"https:\/\/www.dailywire.com\/news\/yellen-recession-not-inevitable-russias-war-to-blame-for-soaring-inflation\" target=\"_blank\" rel=\"noopener\">appeared<\/a> on ABC\u2019s \u201cThis Week with George Stephanopoulos,\u201d claiming that inflation is at \u201cunacceptably high levels\u201d but that a recession might not be around the corner.<\/p>\n<p lang=\"en\" dir=\"ltr\">Treasury Sec. Janet Yellen tells <a href=\"https:\/\/twitter.com\/GStephanopoulos?ref_src=twsrc%5Etfw\">@GStephanopoulos<\/a> that a recession isn&#8217;t \u201cinevitable,&#8221; but says inflation is &#8220;unacceptably high.&#8221;\u00a0<\/p>\n<p>&#8220;I expect the economy to slow.&#8221; <a href=\"https:\/\/t.co\/xMZVnzRLgN\">https:\/\/t.co\/xMZVnzRLgN<\/a> <a href=\"https:\/\/t.co\/Xx9UpkmWz4\">pic.twitter.com\/Xx9UpkmWz4<\/a><\/p>\n<p>\u2014 This Week (@ThisWeekABC) <a href=\"https:\/\/twitter.com\/ThisWeekABC\/status\/1538515987481481216?ref_src=twsrc%5Etfw\">June 19, 2022<\/a><\/p>\n<p>\u201cI expect the economy to slow,\u201d Yellen said. \u201cIt\u2019s been growing at a very rapid rate, as the economy, as the labor market, has recovered. We have reached full employment. It\u2019s natural now that we expect a transition to steady and stable growth, but I don\u2019t think a recession is at all inevitable.\u201d<\/p>\n<p>Inflation hit a 40-year high in May. Gas prices have also hurt Americans as prices have soared to record levels this year and have doubled over the cost per gallon just two years ago.<\/p>\n<p>Tesla CEO Elon Musk has also recently <a href=\"https:\/\/www.dailywire.com\/news\/elon-musk-splits-with-biden-advisers-says-recession-is-inevitable\" target=\"_blank\" rel=\"noopener\">spoken out<\/a> with his prediction that a recession is coming. He made the comments during an appearance at the Qatar Economic Forum in June.<\/p>\n<p>\u201cA recession is inevitable at some point. As to whether there is a recession in the near term, that is more likely than not. It is not a certainty, but it appears more likely than not,\u201d Musk said.<\/p>\n<p>Musk\u2019s assessment stands in contrast with the Biden administration\u2019s <a href=\"https:\/\/dailywire.com\/news\/watch-biden-pushes-back-at-reporter-over-recession-warnings-dont-make-things-up\/\" target=\"_blank\" rel=\"noopener\">view<\/a> that said the nation is not necessarily expected to face a recession.<\/p>\n<p>Former Obama administration economic adviser Larry Summers also recently <a href=\"https:\/\/www.dailywire.com\/news\/top-obama-economic-advisor-whole-range-of-indicators-point-to-coming-recession\" target=\"_blank\" rel=\"noopener\">warned<\/a> that an array of economic signs are pointing to a recession within the next two years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Hampshire Governor Chris Sununu (R) predicted that a recession is coming and blasted Treasury Secretary Janet Yellen, claiming \u201cshe\u2019s completely misled America\u201d and should be fired. Sununu made the remarks during an interview on CNN\u2019s \u201cState of the Union\u201d on Sunday. \u201cA recession is coming. You cannot add $5 trillion to America\u2019s balance sheet &#8230;<\/p>\n","protected":false},"author":325,"featured_media":1547467,"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-1547446","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\/1547446","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\/325"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1547446"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1547446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1547467"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1547446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1547446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1547446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}