The Biden administration’s Treasury Secretary, Janet Yellen, made it clear that we should never expect prices to fall.
“How do you convince Americans and voters that those prices might not go back to where they were before the pandemic? ABC’s Elizabeth Schulze asked.
In reponse Yellen admitted that the best case scenario is simply more inflation at a slower pace, but tried to pretend that everyone knows this and is fine with it. “Well I think most Americans know that prices are not likely to fall. It’s not the Fed’s objective to try to push the level of prices to where they were,” Yellen replied.
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