{"id":2199046,"date":"2024-03-14T11:54:03","date_gmt":"2024-03-14T15:54:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stuff-your-sorries-in-a-sack-janet-yellen\/"},"modified":"2024-03-14T12:03:17","modified_gmt":"2024-03-14T16:03:17","slug":"stuff-your-sorries-in-a-sack-janet-yellen","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stuff-your-sorries-in-a-sack-janet-yellen\/","title":{"rendered":"Pack Your Apologies Away, Janet Yellen"},"content":{"rendered":"

12<\/div>SHARES<\/span><\/div>

<\/span>Facebook<\/span><\/a><\/span>Twitter<\/span><\/a>

Treasury Secretary Janet Yellen revealed<\/a> to Fox \u2062Business News her regret for dubbing post-pandemic inflation as “transitory,” a term that she now concedes may have been prematurely optimistic<\/a>. Was\u200d it a mere miscalculation or an intentional downplay? Let’s delve\u2063 deeper<\/a>.<\/p>\n

Scrutiny arises as it\u200d becomes apparent\u2063 that Yellen may have\u2064 been part of a broader political strategy\u2064 to mitigate concern over rising prices as Democrats sought to\u2062 advance significant policy changes. The consistency of her message with \u2063White House communications casts\u200b a shadow on\u200c the claim of an innocent oversight. Did Yellen truly err, or was \u200dshe acting out a\u200b pre-written part?<\/p>\n

President Biden himself once asserted<\/a>, “There\u2019s nobody suggesting there\u2019s unchecked inflation\u200d on the \u2062way \u2014 \u2062no serious economist.” Former Press Secretary Jen Psaki echoed<\/a> this sentiment. Yet, standalone voices among Dems and\u2063 leading economists clearly warned against flooding \u200dan \u2064already\u2062 heated economy with\u200b trillions. A month before Psaki’s statement, inflation was hitting record\u200b highs not seen since 1990.<\/p>\n

When presented with economists\u2019 \u2062concerns, Yellen\u2064 responded<\/a>, “I\u200b really don\u2019t think that is going to happen,” despite alarming trends highlighted by reports such as The Wall \u200dStreet \u200bJournal’s coverage of skyrocketing anxiety about inflation among financial experts.<\/p>\n

Considering her past role<\/a> as the Federal Reserve Chair, tasked with curbing\u2062 inflation, her current stance seems incongruous\u200d with the responsibilities she once held.<\/p>\n

While the complexities of inflation extend beyond national actions, the Biden \u2063administration’s \u200bresponse has often appeared dismissive or misleading. Seemingly unconcerned with burgeoning economic evidence, they pushed forward expansive fiscal policies.<\/p>\n

Even as Democrats funneled trillions into the economy and propped up unemployment benefits amid<\/a> \u2064a recovering job market, \u2064they \u2064maintained aggressive \u2062spending initiatives. Remember, these expenditures were in addition to\u2063 the consequential “Covid relief” bill and infrastructure investments tallying over\u200c a trillion\u2062 dollars.<\/p>\n

Poking \u200cfun at \u200bRepublicans who opposed their expansive\u200b bills,\u200d the \u200cDemocrats\u200b were confident in their Keynesian economic strategies, branding their policies as necessary up to the 2022 midterms. Yet, as inflation soared and\u200d approval ratings dipped, these same\u2064 officials used inflation as a rationale for more spending.<\/p>\n

The administration’s\u2063 argument that the “Inflation Reduction Act” would ease inflation \u200cnow seems dissonant with the ongoing fiscal impacts. Quirks \u200din the administration’s messaging remain, such\u200d as misleading suggestions that\u2062 recent energy policies\u200b have contributed to\u200d the modest easing of inflation rates.<\/p>\n

And despite executive orders \u200cthat have arguably stirred market uncertainties,\u200d Yellen maintains there is a link between the \u2064administration’s actions and the \u2063subtle deflationary trend, sidestepping the larger\u200d consequences of their policies.<\/p>\n

Looming above is the specter of past political maneuvers, and the sentiment that without accountability, history\u2063 repeats itself. Yellen’s \u200cassertions of regret leave many skeptical \u200cin the\u2062 face of repeating patterns of political posturing<\/a> and strategic misdirection.<\/p>\n<\/div>\n

<\/body>
\n<\/html><\/p>\n","protected":false},"excerpt":{"rendered":"

Treasury Secretary Janet Yellen admitted to Fox Business News regret over labeling inflation “transitory” post-Covid, acknowledging a misjudgment rather than admitting to a deliberate political move to downplay rising price worries<\/p>\n","protected":false},"author":831,"featured_media":2199047,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/thefederalist.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-14-at-9.34.00%E2%80%AFAM-e1710423428822-1024x577.png","fifu_image_alt":"","footnotes":""},"categories":[546],"tags":[],"class_list":["post-2199046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-federalist"],"fifu_image_url":"https:\/\/thefederalist.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-14-at-9.34.00%E2%80%AFAM-e1710423428822-1024x577.png","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2199046","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\/831"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2199046"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2199046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2199047"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2199046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2199046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2199046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}