June 26, 2022

Yellen Says US Recession Not ‘At All Inevitable’ Despite Inflation ‘Unacceptably High’

Treasury Secretary Janet Yellen said Sunday that high inflation would persist for the remainder of 2022 and that, while she expects the U.S. economy will cool, a recession is far from a sure bet. “We’ve had high inflation so far this year, and that locks in higher inflation for the rest of the year,” Yellen said…

Rep. Austin Scott Joins Newsmax to Discuss Biden’s Misplaced Blame for Inflation

CNN’s Stelter roasts Biden advisor to his face on inflation

Moody’s: Inflation to Cost Families an Extra $5,520 Per Year, Up from Last Projection

iStock, Tom Brenner/Getty Images, BNN Inflation will cost families an additional $5,520 per year, increasing from a projection in March, according to Moody’s. President Biden’s 40-year-high inflation will cost American households on average an extra $5,520 in 2022, or $460 per month, a Moody’s analysts projected. In March, that projection was less. Bloomberg estimated families would be charged an…

March for our Lives rally, Inflation, Summit of the Americas & more top stories | LiveNOW from FOX

Inflation, Summit of the Americas & more top stories | LiveNOW from FOX

Inflation More Pressing Issue Than ‘Gun Violence’ for American Voters: Poll

Support for a national ban on “assault weapons” is at an all-time low among American voters, according to a national poll that ranked inflation as a more pressing issue than “gun violence.” According to the national Quinnipiac University Poll of more than 1,000 random adults, 50 percent say they support a national ban on “assault […]

Plastic Eating Worms Show Promise for Plant-Scale Recycling

Researchers at the University of Queensland have found that a common species of worm with a taste for polystyrene may significantly contribute to plastic recycling. The team, led by Dr Chris Rinke from UQ’s School of Chemistry and Molecular Biosciences, found that the Zophobas morio—known as ‘superworm’—enjoys munching on polystyrene and can metabolise it due to […]

Gas Prices Unlikely to Fall Soon, but ‘Nothing’ Suggests Oncoming Recession: Yellen

U.S. Treasury Secretary Janet Yellen said Thursday that gas prices, which just reached $5 a gallon in some U.S. states, were unlikely to fall soon. Yellen also said she expected the U.S. economy to “absolutely” slow down amid the Federal Reserve’s rising interest rates, but that there’s “nothing” to suggest the country would face a […]

Breitbart Business Digest: Core Inflation Went from Bad to Worse in April

NICHOLAS KAMM/AFP via Getty Images The idea that we might be headed toward a “softish landing” was probably the great victim of the April report on the Consumer Price Index (CPI). Consumer prices were up another 0.3 percent in April for a higher than expected 8.3 percent annual gain. The official consensus had inflation slowing…

Ossoff: ‘Massive Fiscal and Monetary Response’ to COVID Took ‘a Toll’ on Inflation

On Tuesday’s broadcast of the Fox News Channel’s “Special Report,” Sen. Jon Ossoff (D-GA) said that the “massive fiscal and monetary response” to the coronavirus pandemic has “taken a toll” on inflation. Host Bret Baier asked, [relevant exchange begins around 3:3src] “When somebody says to you, what are Democrats doing to address inflation, what do…

Inflation Here to Stay Despite White House ‘Temporary, Transitory’ Claim

President Joe Biden’s 40-year-high inflation is here to stay despite the White House claiming for months that rising costs were “temporary, transitory.” “Inflation is pushing prices higher and higher, and some of those costs may never come back down to the levels Americans were accustomed to before the pandemic,” Axios reported Monday. [T]he good old…

KT McFarland: Inflation is ‘funding Putin’s war’

Fmr. Obama Treasury Counselor Rattner: ‘It’s Time to Start Dealing with the Deficit’ to Fight Inflation

On Wednesday’s broadcast of MSNBC’s “Morning Joe,” MSNBC Economic Analyst Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, said we need to “start dealing with the deficit as part of trying to bring down the pressure on inflation.” Rattner said, “I think it’s a combination of issues…obviously. I think…

US Economy: Slowing Growth and Inflation

Commentary Two important economic indicators recently released tell the same three-part story: the post-pandemic recovery continues to proceed nicely; the pace of growth is slowing, but that is to be expected; inflation shows no sign of abating. The first of these indicators is the Labor Department’s employment report. It shows that unemployment has continued to…

‘Nuclear Catastrophe’: Ukraine Calls on UN to Force Russia Away From Chernobyl

Ukrainian officials called on the United Nations to push Russian forces away from the Chernobyl nuclear site to prevent a catastrophe, coming more than a month after the start of the invasion. “Is the world ready for a nuclear catastrophe because of Russia’s bungling?” asked Ukrainian Deputy Prime Minister Iryna Vereshchuk on Telegram. “The occupiers set…

Inflation Era: Ukraine Crisis Poses ‘Significant’ Dangers to Eurozone

There are difficult months ahead for Eurozone nations, with the head of Europe’s central bank warning that the ongoing Ukraine Crisis poses ‘significant’ dangers to the currency union. ‘Significant’ dangers to do with supply chain issues and the rising costs of food and energy are now facing the Eurozone, the head of the European Central…

Behind Russia-Ukraine, a ‘Total War’ Is Being Waged Against the US and Allies | The Wide Angle

A “snake in the grass” is a deadly encroaching danger that can’t always be seen. Recently, President Joe Biden visited Belgium and Poland to signal support to NATO members on Ukraine’s doorstep. In speaking to U.S. troops in Poland, Biden seemed to “let slip” the expectation that U.S. forces will, at some point, be fighting…

Bidenflation: Fed Study Blames Huge Spending Bills for High U.S. Inflation

Who is to blame for high inflation? A paper from the San Francisco Fed pins much of the blame on the Biden administration’s big spending. “Fiscal support measures designed to counteract the severity of the pandemic’s economic effect may have contributed to this divergence by raising inflation about 3 percentage points by the end of…

Bloomberg News: Let Your Pets Die to Fight Inflation

Bloomberg News published an article last week offering tips for working Americans who are struggling with inflation — and among them is the suggestion that people allow their pets to die rather than paying for expensive medical treatments. Among other advice, including eating lentils and beans instead of meat, Bloomberg News suggests letting sick pets…

Joe Biden Angrily Slams Americans for Blaming Him for Inflation in Lie-Filled Remarks

Jim Lo Scalzo/Pool via AP Joe Biden may not have the physical stamina to travel overseas and fulfill his duties regarding foreign policy, but he did manage to give public remarks on Friday. In them, the president slammed Americans for blaming him for the current inflation boom, proclaiming he’s “sick of it” and that “it’s […]

Breitbart Business Digest: The Great Biden Inflation Disaster

“There’s nobody suggesting there’s unchecked inflation on the way — no serious economist.” Those words should be carved upon the grave of Joe Biden’s presidency. They were spoken by President Biden himself at a White House press conference in July of 2src21. The Consumer Price Index (CPI) had climbed to an annual increase of 5.3 percent, the…

Biden Tries To Calm Fears As Inflation Continues To Soar

President Joe Biden tried to calm fears Thursday after the Consumer Price Index (CPI) report showed a continued rise in inflation.“We will make it through this challenge,” Biden told Americans in a statement. The U.S. Bureau of Labor Statistics (BLS) shows the CPI increased 0.6% in January, marking a 7.5% growth on a year-over-year basis.…

Bostic: Fed Needs to Act ‘Soon’ to Be Sure Inflation Expectations Stay Controlled

WASHINGTON—U.S. inflation risks being pushed to a permanently higher level if the Federal Reserve does not get the current bout of price increases under control, Atlanta Fed president Raphael Bostic said on Tuesday. “The mostly pandemic-induced episodic price pressures could grind on long enough to fundamentally alter expectations,” and drive actual inflation higher…

Bidenflation: Fed’s Favorite Inflation Measure Soared 5.8% in 2021, Worst in 39 Years

The Federal Reserve’s favored gauge of inflation jumped 5.8 percent last year, the biggest increase since 1982, according to data released by the Commerce Department on Friday. Consumer spending actually dipped in December, falling 0.6 percent compared with the prior month. Prices, however, climbed 0.4 percent. Core prices, which exclude food and energy, rose 0.5…

Eurozone Hits Record 5 Per Cent Inflation in December, Energy Prices Remain High

Inflation numbers in the Eurozone hit a record high of five per cent in a single month in December, topping the previous record set the month before as high energy prices are believed to be driving the trend. Data released this week revealed that the Eurozone, which encompasses every country that uses the euro currency,…

Washington “pours gasoline on the inflation fire” | Charles Mizrahi | ‘The Chris Salcedo Show’

FLASHBACK: Joe Biden foreshadows his inflation crisis

Jen Psaki spins President Biden’s inflation crisis | The Chris Salcedo Show

Brooks: Biden’s Not to Blame for Inflation Rates, ‘We’re in an Overheating Economy’

On Friday’s “PBS NewsHour,” New York Times columnist David Brooks argued that we have “an overheating economy” but President Joe Biden isn’t to blame for inflation. Brooks said, “I don’t think he’s to blame for the inflation rates. I think that’s mostly the supply chain issues and other things, and the fact that we have a booming…

Source: