Janet Yellen lives on fantasy island
WIBC 9AM-Noon Podcast
WIBC
4.6 • 1.2K Ratings
🗓️ 12 April 2023
⏱️ 7 minutes
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| 0:00.0 | Let's get a couple pieces of audio here because Janet Yellen is, she's special, so as you may not know, |
| 0:08.2 | Janet Yellen is the Treasury Secretary. She has a huge influence over monetary policy in this |
| 0:15.3 | country and spending in this country. Well, she is basically Biden's right-hand people when it comes |
| 0:22.2 | to the economy and money in this country. When you hear the clips we're about to play for you, |
| 0:26.7 | you will understand why when it comes to the economy and money. We are in the shape we're in if |
| 0:30.9 | she is a person advising the president. So Casey, she had some sort of speaking engagement |
| 0:37.8 | yesterday and she described the economy as performing exceptionally well. |
| 0:42.6 | Yeah. The U.S. economy is obviously performing exceptionally well with continued solid |
| 0:52.4 | job creation, inflation gradually moving down through bus consumers spending. So I'm not anticipating |
| 1:03.4 | a downturn in the economy, although of course that remains a risk. |
| 1:09.5 | Well, for who? She's the only one. Who's it going well for? Other than if your name is Gates |
| 1:17.5 | or Bezos or that guy who's worth 200 billion, the French guy now is the world's richest guy. |
| 1:24.0 | Arnold Arnold Bernard Arnold. There's about seven people and none of them are named a McNamara |
| 1:29.9 | Kindle or Daniels who the economy's working really well for. So she was speaking in Washington. |
| 1:35.2 | This was ahead of World Bank meetings and every other day we're doing stories even about Bezos, |
| 1:42.8 | how Amazon is laying off workers, how Walmart is laying off workers and closing stores and all |
| 1:48.9 | you have to do is go to a mall, any mall and you'll see half the stores are empty or closed |
| 1:56.3 | because they're shutting down. Yeah. Because consumers are not spending. Yeah. So what is she talking |
| 2:02.9 | about? But wait, Casey, there's more. Of course. Are you ready for some really good news? Yes. |
| 2:07.7 | I mean, great news. Yeah, give me. Maybe the best news you will probably hear all day. |
| 2:11.9 | Okay. Janet Ellen also says America will never stop giving money to the Ukraine. |
| 2:18.3 | As President Biden has said, the United States will stand with Ukraine for as long as it takes. |
... |
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