The United States declared the impossibility of coping with inflation

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US Treasury Secretary Janet Yellen, who previously headed the US Federal Reserve System, announced the impossibility of coping with rising inflation in the country so far. She spoke about this on June 19 during an online interview with the local commercial television network ABC.

A well-known American economist said that inflation is "unacceptably high" in the US. But she thinks inflation will start to come down over time.



It is important to recognize that the United States is not the only front economywhich suffers from high inflation. We see it in Great Britain, France, Germany, Italy, and its causes are global.

- she said.

At the same time, she floridly confirmed that the country's economy will slow down. According to her, the US economy grew at a fast pace before that, so now it is quite "natural to expect" the beginning of "smoother stable growth."

Yellen does not believe that a US recession is inevitable. She is optimistic about the high level of consumer spending and employment. Moreover, the state of affairs in the labor market looks really encouraging - there is 2 applicant for 1 vacancies.

The minister summed up that the desire to punish Russia for the NWO in Ukraine does have certain costs, "side effects" for the American economy and Washington's allies.

We remind you that now in the United States the strongest inflation in the last 40 years. At the end of May, inflation accelerated to 8,6% - the highest since December 1981. Sanctions against Moscow disrupted supply chains and pushed up the cost of fuel, electricity and groceries in the US.

A few days ago, the Fed raised its benchmark federal funds rate by 0,75% to 1,5-1,75%, the highest since 1994. The Fed wants to achieve a reduction in inflation to 2% per year in the long term.

In turn, American President Joe Biden, despite a significant drop in his rating and criticism, continues to blame Russia for all the troubles and doubts the inevitability of a recession in the United States.
  • https://pixabay.com/
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8 comments
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  1. Pat Rick
    Pat Rick
    0
    19 June 2022 21: 47
    No one has ever died anywhere from inflation itself: when you receive money, you need to spend it quickly before it depreciates.
    But when a person does not have a job with a salary, and he cannot buy the most necessary things for himself, including medicines for treatment, this is much worse than the depreciation of money.
  2. Sergey Latyshev
    Sergey Latyshev
    -1
    19 June 2022 22: 48
    How the media cares about inflation in the USA... From year to year they look over the hill with trepidation...
    And just compare with our inflation over the years - no, no ...
  3. The comment was deleted.
  4. Observer2014
    Observer2014
    0
    19 June 2022 23: 50
    What do they have there? Is there not enough money for paint from China for money? (I, literally)
  5. patxilek
    patxilek
    0
    20 June 2022 00: 54
    Yes, in time we will all die.
  6. 1_2
    1_2
    0
    20 June 2022 01: 14
    in the West, prices are rising due to rising prices for imported resources, and in resource-rich Russia, prices are rising due to the depreciation of the ruble (the Central Bank allowed foreign currency saboteurs playing against the ruble into the foreign exchange market, and he himself lends them rubles in debt) and collusion NATO trading networks and companies selling and producing goods in the Russian Federation. hence the conclusion: drive liber astia out of power. in the Russian Federation with its resources and technologies, prices should not rise at all, but for this it is necessary to produce and sell goods in their own national networks, as well as to ban all offshore companies through which embezzlers and oligarchs withdraw huge money-currency over the hill. it is desirable to close offshore companies together with oligarchs and embezzlers for life
    1. Pat Rick
      Pat Rick
      +2
      20 June 2022 05: 59
      ... also ban all offshore companies ... it is desirable to close offshore companies together with oligarchs and embezzlers for life ...

      And you can also cancel the annual winter and the daily sunset by special decrees.
  7. Peace Peace.
    Peace Peace.
    0
    20 June 2022 03: 53
    Dollars do not provide control over energy, because "someone" showed the bolt and removed the shackles.
  8. Jacques sekavar
    Jacques sekavar
    +1
    20 June 2022 09: 24
    The slowdown in the economy is a consequence of the policy of quantitative easing and an overabundance of the money supply. This solved one problem and created another.
    Now it is necessary to reduce the money supply and raise the key rate. This leads to an increase in the cost of loans and a crisis, the consequences of which can be mitigated by the state defense order.
    For this, a protracted military conflict is highly desirable, capable of utilizing large volumes of weapons and providing the military-industrial complex with large orders, which, like a locomotive, will pull along many related industries, which will increase revenue and increase employment.
    Another, theoretical, way out of the crisis is the removal of political economic financial and trade restrictions, which guarantees the growth of the economy, foreign trade and domestic consumption, but this contradicts the essence of capitalism, the exploitation and enrichment of some at the expense of others.