BREAKING: Trump Vindicated in Newly Released 'Epstein Files' Interview
There’s a Blue Collar Boom Happening in America
Abrego Garcia, 'Maryland Man,' MS-13 Member, and Alleged Human Trafficker, Has Been Sprung...
Antifa Tried to Incite Violence Between Black and Jewish Neighbors – Watch How...
Defiant DeSantis Hits Back Hard at Federal Judge Who Slapped Down 'Alligator Alcatraz'
The First Wave of Epstein Files Is on its Way to Congress –...
SAFE HAVEN IN OHIO
Pennsylvania Man Sentenced to 28 months for SNAP, Medical Fraud
Ghislaine Maxwell Transcript: 'There is no list'
Canada Drops Retaliatory Tariffs Against the US
Trump: Lisa Cook Must Resign or Be Fired Over Mortgage Fraud Allegations
Nevada Man Sentenced for Over $11M COVID-19 Relief Fraud and Money Laundering Scheme
Joni Ernst Takes a Chainsaw to Washington Waste — And Taxpayers Are Winning
Chip Roy Champions Texas’s Redistricting
Trump Brings Law and Order — And Dinner — to D.C.'s Front Lines
Tipsheet

Janet Yellen Can't Answer a Simple Question About the Economy

AP Photo/Jacquelyn Martin

Secretary of the Treasury Janet Yellen admitted on "Morning Joe" she does not have a good answer as to why Americans continue to have a negative view of the U.S. economy because, according to her, the Biden administration has done a great job. (The Biden administration has not.) 

Advertisement

"I’m not asking you to play therapist with the American voter but there seems to be a disconnect between the numbers we are seeing and the way people are feeling about the economy and how do you account for it?" MSNBC's Katty Kay asked on Tuesday.

"I agree with you there’s a disconnect and I don’t have a simple and convincing answer. But Americans have been through a lot. The pandemic really took a toll on American families, on children, on households. We are enjoying a remarkable recovery, but also with high inflation, much of it reflecting supply bottlenecks that developed during the pandemic, and then with Russia’s brutal attack on Ukraine we saw a surge in gas prices, in food prices. Americans have been reeling from high inflation," Yellen replied.

"They do realize in polls that it is coming down and Americans’ financial situation actually improved during the pandemic. Interestingly, when Americans are asked about their own personal financial situation they’re positive on that. The negative results you cite mainly reflect their answers to how is the economy more broadly doing," Yellen asserted.

Advertisement

A CNN poll from August showed Americans do not believe the Biden administration's claim the economy is do better:

Biden’s overall approval rating stands at 41% in the new poll, about on par with where it’s been since the spring. His approval drops to 37% when Americans assess his handling of the economy and further still to 30% for his handling of inflation. Among political independents, a scant 26% approve of his handling of inflation.



Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos