Joe Biden’s Press Secretary Jen Psaki said once again on Friday that inflation was likely to be temporary.
Later in the day, Biden’s Treasury Secrectary Janet Yellen contradicted this message, saying that inflation is going to remain uncomfortable at least through the end of the year.
Who do you think sounds more believable on this?
FOX Business reports:
Treasury Sec. Yellen contradicts Psaki: Likely to see another year of ‘very uncomfortable’ inflation
Treasury Secretary Janet Yellen appeared to contradict the White House in a Thursday interview after saying that she expects another year of “uncomfortably high” inflation.
“I think there’s a lot of uncertainty related to what’s going on with Russia and Ukraine and I do think that it’s exacerbating inflation,” Yellen said on CNBC Thursday. “I don’t want to make a prediction exactly as to what’s going to happen in the second half of the year, you know, we’re likely to see another year in which 12-month inflation numbers remain very uncomfortably high.”
Earlier in the day, White House Press Secretary Jen Psaki suggested inflation would “moderate” at the end of this year and that it continues to be the “projection” that high inflation will be “temporary.”
“We rely on the assessment of the Federal Reserve and outside economic analysts who give an assessment of how long it will last. The expectations and their assessment at this point is that it will moderate at the end of the year,” Psaki said.
Watch Janet Yellen’s comments below:
Janet Yellen: "We’re likely to see another year in which 12-month inflation numbers remain very uncomfortably high."
Earlier today Jen Psaki said that rising prices, especially gas prices, would be "temporary, and not long lasting." pic.twitter.com/mQbQXy2ONx
— Townhall.com (@townhallcom) March 10, 2022
Even better, watch this side-by-side of Psaki and Yellen:
Today Jen Psaki said that prices increases, especially in energy, would be "temporary, and not long lasting."
Just HOURS later, Janet Yellen says "we're likely to see another year in which 12-month inflation numbers remain very uncomfortably high." pic.twitter.com/uM0sCU247q
— Townhall.com (@townhallcom) March 10, 2022
What is our economy going to look like a year from now?
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