24 May 2024

TONE-DEAF SECRETARY OF THE U.S. TREASURY: “The cost of living is a problem to a lot of people,” ...Yellen said in Stresa, Italy.

“But Yellen, a former Fed chair, struck an empathetic tone about the pressures facing Americans, while pointing to the administration’s efforts to reduce costs, such as by eliminating so-called “junk fees” that surreptitiously add extra charges on US consumers. 
“The cost of living is a problem to a lot of people,” Yellen said in Stresa, Italy. 
. . .“So I think this is a concern that people legitimately have.”

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From the : “But Yellen, a former Fed chair, struck an empathetic tone about the pressures facing Americans, while pointing to the administration’s efforts to reduce costs, such as by eliminating so-called “junk fees” that surreptitiously add extra charges on US consumers. “The cost of living is a problem to a lot of people,” Yellen said in Stresa, Italy. “So I think this is a concern that people legitimately have.” #economy #markets #inflation #econtwitter
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