Yellen says US ‘soft landing’ underway, low inflation, wage growth to spur confidence
Yellen says US ‘soft landing’ underway, low inflation, wage growth to spur confidence
WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen said on Friday that a "soft landing" in the U.S. economy was now underway and a sustained period of low inflation and rising wages was needed for Americans "to feel good about their future...
We did it, everyone!! The negative effects and burden of a difficult economy was successfully borne by the lower middle class and middle class, while the wealthy generally walked away wealthier, thereby encouraging further wealth inequality despite difficult economic conditions!
Whew, that was close! We really had to thread the needle there. It even started mildly affecting the top 10% for a second!
Why, a wealthy man I work for (I wipe and powder his ass for him every time he takes a shit. It's minimum wage, but it's a job!) said he considered not buying a fifth property for a few months. Imagine how terrible that would have been for the economy!
They really need to fix their messaging and how the media talks about inflation.
Inflation isn’t low, it’s very high. The inflation RATE is back down to reasonable levels, but you can’t ever get rid of inflation without some policies that have very very very low support.
Wage vs CPI is what you really want to look at, whether you include food and energy prices changes how you perceive the impact. https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/
Yes, that's what it means. Inflation is a rate. When inflation is low, it's still inflation, but it's a low rate.
There's zero reason to ever "deflate" a currency. In fact, when it's been tried every single time it's become catastrophic.
The new numbers are bigger than the old numbers, but as long as wages catch up sooner rather than later, they're just a bigger number without being a detriment.
You keep using that word, I don't think it means what you think it means.
Can you give an example of what you mean, here? What comes to mind are price of common goods such as eggs or gas which have indeed come down.
She can fuck all the way off. It doesn’t matter if inflation slows. It was bad enough to fuck over half our population. They can’t just say, "we are going to fuck you slightly less."
They can, they did, you don't fucking matter to them, they're ok with you suffering and dying.
Do what you want with that info
Janet Yellen and Jerome Powell need to have their assets frozen, and be forced to keep working their current jobs for federal minimum wage.
Ominous