Treasury Secretary Janet Yellen warns “sweeping, untargeted tariffs” would reaccelerate inflation

    https://www.cbsnews.com/news/yellen-speech-tariffs-will-increase-inflation-risk-trump/

    Posted by GoMx808-0

    34 Comments

    1. PurduePetesHammer69 on

      I really despise how they bastardized the meaning of inflation. Tariffs will increase prices, yes, but “inflation” should refer only to an increase in the money supply

    2. Is this analysis based on her previous 100 percent accurate comments about inflation which turned out wrong?

    3. Not many people understand how tariffs work, if you’re importing shit, whether it’s semiconductor machines, Lithium for car batteries, or chemicals for drugs, the U.S. based importer is paying those tariffs and it will pass it all down. People think it’s just little shit from Temu and Amazon, but tariffs will touch almost every facet of the economy and will be inflationary.

    4. originalrocket on

      And I am positioned for it!  Let’s go cheetoface!  Destroy the dollar and make me rich(er)!!!

    5. She’s right, there would be immediate price changes on Amazon, temu and wherever for everything made in China.

      The US customer pays for the tariff at the end, The Chinese are merely going to be middlemen taking the money from the US consumer and sending it back to US customs.

    6. Just remember. There’s no checks and balances on tariffs. The executive branch has the authority. 😏😏😏

    7. Syab_of_Caltrops on

      Says the official that is wrong about everything.

      Can we can Droopy Dog already and get one of JPlow’s Wallstreet friends as Treasury Secretary?

    8. Shouldn’t she get back to work at the Willy Wonka factory making candy and chocolate and singing those funny little songs.

    9. Opening_Bluebird_935 on

      Or perhaps we could stop buying crap made in China and avoid the tariffs? Hmm…

    10. verycoolstorybro on

      This is obvious for anyone who understands economics.. I literally cannot get how people think orange man will help things. It’s more regarded than Intel dude.

    11. Itchy_Good_8003 on

      You’re regarded if you think this lady is wrong about economics, her only interest is keeping the market alive and she is letting you know you might be bending yourself over.

    12. Matt_Foley_Motivates on

      Everyone knows this

      Yet nobody cares because just like from 2016-2020 it was always someone else’s fault

    13. lordfappington69 on

      Tariffs are punishing your whole consumer base to protect an inefficient industry.

      If something is so important it needs to be protected just have the FED give them 0% loans like we did with steel in the 90’s.

    14. Government spending is the cause of inflation!!! Stop printing money and sending it to other countries will decrease inflation. Layoffs 80% of the inefficient federal government and decrease inflation. Double oil production in America and lower inflation .

    15. BotanicalRhapsody on

      Inflation hasn’t stopped or slowed all that much, reelecting this shit administration is going to continue inflation, their economic policy is shit.

    Leave A Reply
    Share via