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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (1328375)	11/11/2021 12:53:33 PM
From: Broken_Clock	2 Recommendations Recommended By locogringo Winfastorlose Respond to of 1579707

of course you would believe her because she's so "right". Janet Yellen looked back on her year at the Federal Reserve and figured most of the boxes are checked: Accelerating economic growth, a solid employment picture and a stable financial system. The one job left undone? Inflation. At her final news conference as Fed chair Wednesday, Yellen said the Fed’s failure to bring inflation up to the central bank’s 2 percent mandate is her single disappointment. “We have a 2 percent symmetric inflation objective. For a number of years now, inflation has been running under 2 percent, and I consider it an important priority to make sure that inflation doesn’t chronically undershoot our 2 percent objective,” she said. === of course you admire that heartless bitch. WSJ opinion: Inflation, always a key economic metric, is especially important to watch now as it threatens to undermine, if not completely erode, the Biden administration’s gargantuan spending thus far on behalf of poor and working-class Americans—its “economic justice” agenda ( “Inflation Jumps to 13-Year High,” Page One, June 11). The effects of inflation not only are greater, but disproportionately greater, for poorer people. Those with higher incomes often offset price increases (goods, services) with increased income. Furthermore, prices often increase more for basic needs than for luxury items, a phenomenon economists call “inflation inequality.” Simply put, low-income families’ budgets will stress and strain as they confront the coming rising costs of the essentials they need (food, energy, transport, child care). === Keeping the people as debt slaves is job 1 for the elites and make the rich richer