VIDEO: Biden Caught Tricking Voters
What a joke!
Janet Yellen, the Treasury Secretary appointed by Joe Biden, stated that the US economy is performing exceptionally well.
Yellen must be forgetting that food and gas prices are still astronomically high and millions of Americans are struggling to make ends meet.
According to Newsmax, on Tuesday, US Treasury Secretary Janet Yellen expressed her awareness of the potential risks that the global economy may face, especially due to Russia’s conflict with Ukraine and banking challenges. However, she also mentioned that the overall economic outlook appeared to be positive.
During a press conference, Yellen disagreed with the International Monetary Fund’s cautionary statements about the potential for greater risks arising from severe financial tensions.
Yellen responded to a question regarding the IMF’s slightly reduced global growth forecast for 2023 and its concerns about a potential recession due to financial system turmoil. She stated that she did not believe in excessive negativity towards the global economy and encouraged a more positive outlook.
Yellen commented that she had not observed any indications of credit tightening after two US bank failures last month, though she acknowledged the possibility of such an occurrence. She emphasized that the US banking system remained stable with robust capital and liquidity positions, and the global financial system is resilient thanks to the substantial reforms implemented after the 2008 financial crisis.
Yellen explained, “The U.S. economy is obviously performing exceptionally well with continued solid job creation, inflation gradually moving down, robust consumer spending. So I’m not anticipating a downturn in the economy, although, of course, that remains a risk.”
Watch Yellen Lie To Voters:
‘I think the outlook is reasonably bright,’ said US Treasury Secretary Janet Yellen while speaking about the global economy at a news conference, adding that it was in a better place than projected last fall https://t.co/TySo1Yk0bm pic.twitter.com/eNMRq7MWEi
— Reuters (@Reuters) April 12, 2023
