Treasury secretary on economy: Pessimism has proven unwarranted

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US Treasury Secretary Janet Yellen speaks with CNN’s John Berman about the latest economic data. Yellen says the economy “has transitioned to stable and steady growth” since the pandemic.
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41 COMMENTS

  2. How convenient is this message to come at this time in an election year when economy is one of the topics. Am sorry she is not even confident of what she is talking about.

  7. Job growth it everybody getting a second job to buy Christmas presents cause they couldn't afford it because there broke all month that's a low number were all the teenagers working on I forgot they just steal it expectations you never expectations you have above expectation this is very troubling these workers going to leave in February all the new businesses are foreigners because of them letting them enslave Americans I wouldn't let her run my child's lemonade stand

  10. 80% of new jobs are from government workers taking on more positions. Private sector 20% but mostly part time with no benefits. We are not falling for this.😂😂😂😂😂

  11. Boarder cruses are mistake from Biden, economy is bad, interest rate is too high. Peoples are suffering. Biden will not be elected. Gas prides in California $4.50 per gallon not $3.00. House price and interest is too high. Economy is bad 😢peoples can’t afford to buy house. Lots homeless on the street 😢 USA is now third world country. It’s a mass of problems. That is why Biden will not be elected. Can’t you see real thing?

  12. No. Janet Yellen is making mistakes, California gas prices are $4.50 a gallon not $3.00. Peoples having difficulties buying as increased. Ordinary peoples are having very hard time. Biden will not be elected because economy. Interest rate is too high. Peoples are suffering. Get real 😢

  15. At this point, I honestly think that the government is gaslighting the whole country. I am more frugal than I have ever been, but when rent and the prices of essential goods are out of control, there is only so much that I can do. Stop talking about the "data", and start talking about the real issues, please!

  17. Soft Landing means Recession is Unreal, imaginary and largely a misnomer. Recessionary Hardships is "SOFTship"! And, as if the Weather Gallon fiasco Is Not Embarrassing Enough!

  24. Biden hired competent people and a big reason why we aren't in a recession was the passage of the CHIPS ACT, Inflation Reduction Act for green energy and vehicle factories, and the Infrastructure law. Major construction of all these factories especially semi conductors. That staved off a recession. On the other side, the Federal Reserve with Jerome Powell did a good job with bringing down inflation with the rate hikes. Now it's just that "soft landing" in preventing a recession AND lowering inflation down to the targeted 2%

  28. Its a booming flourishing economy for the rich, politicians, executives, investors. On the other hand, for the middle class and working class its not. I see no signs of improvement. “A gallon of gas a barrel is selling for less than $3.” She doesn’t even know what she is talking about. They don’t know squat, but to screw more the middle class and thats a fact.

  31. "Unwarranted "??? pffffffft…I guess the 6% mortgage rates and double to triple grocery bills, and $25,000 and up yearly rent, and $600,000 minimun to buy a house, and $48,000 average price for a car doesn't mean anything to rich people like Janet Yellen!!! Janet Yellen thinks everybody being employed at $40,000 a year wipes out all the above!!! Well thank God Janet Yellen has announced that ALL IS WELL!!!!!

    Hey JANET, the USD dollar is worth 30% what it was before the 20 year war in the Middle East where the Feds just printed money!!!! My parents and grandparents lived middle-class. I will die never knowing it. BUT HEY, THE RICH PEOPLE ARE HAPPY!

    Good job lying to America in a Presidental election year!!!

  33. Madam Secretary, because of COVID-19, and it's early effect, "Did the U.S. in the process of examining it's financial records during the pandemic incur previous debt to balance the effect of people not being able to work because of COVID-19?"

  34. While lifestyle inflation with higher wages is a thing, the governments need to put policy to bring avg cost of goods back to 2019 levels as close as possible. Especially since corporations are making record profits. That's when Americans will have much more wages and less inflated prices. Purchasing power has shrunk and has only very recently started to slightly reverse in a positive direction again. On a positive note inflation growth has shrunk significantly and wages have outpaced inflation for the past couple months, this needs to continue for Americans to gain that lost purchasing power back. Housing supply should be significantly expanded especially when it's people's biggest intentional purchase. Lower prices would mean hundreds of thousands of dollars back in the hands of Americans.

  38. The UE rate is great, but how many of those jobs pay a living wage? $20 an hour is only $41,600 a year, AND that's if you are allowed 40 hours a week. Many jobs keep you under 30 hours, so they don't have to give out benefits. Add in the inflation of middle class staples, such as milk, eggs, various meats, gasoline, etc…and you've got people who're still struggling to make ends meet. The stock market is at a record high!! Who gives a F….? When one doesn't have an expendable income to invest in the stock market, that means nothing to anyone but the wealthy. Minimum and Maximum wages need to be implemented to help to narrow the wage disparity within the country. BOTH parties suck, but one is just ridiculous these days, and they were the ones spouting about the middle class, less taxes, more jobs, etc. What's that gotten you?

  39. when the sixes rotate to the nine the elite, the leaders, the lapdog media, and all their professionals, who steered the people away from self responsibility, steered them away from neutrality, to then polarize the people into a bondage heaving one sided, selfish demands at so called political opponents both foreign and domestic to further elevate the power and wealth of the privileged few, all the while ignoring the vast environmental destruction from an overpopulation of consumers chasing more and more, ignoring the social confusion and the decent into anarchy, and ignoring the lack of peace and cooperation sending the planet to war, will have their arms, legs and heads …. from their controlling torsos and fed to the starving swine

  41. Ты сегодня французской помадой
    Напомадила губы свои,
    А мне кажется будто измазан
    Весь твой рот в моей алой крови

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