By Free Republic | Created at 2024-09-27 01:34:17 | Updated at 2024-09-30 23:32:28
3 days ago
Yellen to Fed: Data ‘Suggests’ Further Rate Cuts Are ‘Appropriate’
Breitbart ^ | 09/26/2024 | Ian hatchett
Posted on 09/26/2024 5:49:05 PM PDT by ChicagoConservative27
During an interview with CNBC on Thursday, Treasury Secretary Janet Yellen responded to a question on if she thinks the Federal Reserve has rates that are too high by stating that the Fed’s members expect rates to be cut and “when you have an economy that’s growing at potential, that’s operating at full employment with inflation in the vicinity of the Fed’s target, that suggests that a more neutral stance of policy is appropriate.”
CNBC Senior Economics Reporter Steve Liesman asked, “I know you think a lot about the Fed. But I also know you don’t talk a lot about the Fed. So, I’ve written a carefully crafted question here to see if you might respond to it. When you think about the level of rates now relative to the progress on inflation, do you think that rates at the Fed are too high?”
(Excerpt) Read more at breitbart.com ...
TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: appropriate; buyingvotes; economy; fedrate; gaslighting; interest; ratecuts; rates; suggests; yellen
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Does she really believe the BS she spots?
To: ChicagoConservative27
The Harris campaign requests a rate cut because Kamalanomics works! The troll obliges.
2 posted on 09/26/2024 5:52:59 PM PDT by shanover (...To disarm the people is the best and most effectual way to enslave them.-S.Adams)
To: ChicagoConservative27
Have the Bureau of Lying Statistics dummy up some more stuff and the Federal Reserve Chief will whore himself out with cover.
3 posted on 09/26/2024 6:04:35 PM PDT by RetiredTexasVet (We used to be a Republic, we are now a Fascist Klepto-Thugocracy.)
To: ChicagoConservative27
And inflation is just transitory.
4 posted on 09/26/2024 6:05:03 PM PDT by thegagline (Sic semper tyrannis! Trump & Vance, 2024! (Formerly) Goldwater & Thomas Sowell in 2024)
To: null and void; aragorn; EnigmaticAnomaly; kalee; Kale; AZ .44 MAG; Baynative; bgill; bitt; ...
5 posted on 09/26/2024 6:06:42 PM PDT by bitt (<img src=' 'width=30%>)
To: ChicagoConservative27
Better buy everything you can before inflation hits.
6 posted on 09/26/2024 6:06:59 PM PDT by nickcarraway
To: ChicagoConservative27
I don’t know about everyone else. But I am stocking up on the appropriate buttons.
For you youngsters who didn’t live through the 1970s, WIN = Whip Inflation Now.
7 posted on 09/26/2024 6:18:02 PM PDT by Leaning Right (The steal is real.)
To: shanover
It’s too late. They could cut it to zero and it will make no impact before the election. It will however have negative effects after the election...when Trump wins...wait...they couldn’t be setting that up could they??
8 posted on 09/26/2024 6:21:29 PM PDT by Frank Drebin (And don't ever let me catch you guys in America!)
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