Midterms then she leaves the first of the year. Not sure she knows this but that does not matter does it? Earlier is a possibility too if they try to use the notion that she is being replaced as a plus to be marketed for the midterms. She announces "I am leaving to spend more time with my Lazy Boy Recliner" or whatever. In a related matter, Biden talking to Larry Summers these days. Hello Larry, how you going to like being Treasury Secretary on the Titanic? Biden Says US Recession Avoidable After Call With Ex-Treasury Secretary Summers https://www.bloomberg.com/news/arti...s-recession-avoidable-after-call-with-summers
Well, a countdown to her victory tour... Yellen kicks off month-long economic victory tour https://www.axios.com/2022/09/01/janet-yellen-detroit-biden-economic-agenda Treasury Secretary Janet Yellen will deliver a major economic speech in Detroit next week as part of a month-long push to sell President Biden's signature legislative achievements before the midterms, Axios has learned. Why it matters: Deploying Yellen, an economist who has been reluctant to lend her name to arguments she doesn’t buy, is the administration's attempt to seize on a spate of positive headlines and make a broader intellectual argument for Biden's efforts to re-engineer large sections of the economy. Yellen will defend the administration's March 2021 $1.9 trillion American Rescue Plan — which Republicans blame for stoking inflation — as a key factor in preventing the economic recovery from stalling out during the pandemic. She will also focus on a trio of legislative accomplishments — with trillions in collective new spending for infrastructure, semiconductors and climate change — as critical to improving productivity and growing the economy from the middle class out. The big picture: The post-COVID economy is sending a variety of contradictory messages, confounding economists and making Biden politically susceptible to negative economic data, headlines and perceptions. On the positive side is the persistent strength of the job market, with a 3.5% unemployment rate and an economy that added 528,000 jobs in July. That job growth has dramatically exceeded the White House's own forecasts of around 150,000 new jobs per month. Moving in the opposite direction from the jobs numbers is GDP: a 0.9% contraction in the second quarter has ignited a raging debate over whether the U.S. economy is in a recession. The S&P 500's 4% decline in August won't make Yellen's job any easier if it carries into September. Zoom out: The White House is privately — and publicly — giddy that gas prices are down from their $5 highs. The steady decline has provided a boost to consumer confidence, according to the Morning Consult/Axios Inequality Index. But team Biden cannot escape the daily reminders of inflation elsewhere in the economy, with July's 8.5% consumer price index reading hitting lower-income Americans the hardest. Volatility was the watchword coming out of last week's annual gathering of central bankers in Jackson Hole, Wyoming. Driving the news: Yellen will deliver remarks Sept. 8 at a Detroit auto manufacturer — giving her an opportunity to highlight the new money for electric vehicles in August's Inflation Reduction Act, as well as Biden’s broader efforts to support American manufacturing and bring supply chains closer to home. She'll address tax fairness in a D.C. address the following week, before heading to North Carolina for a trip focused on clean energy technology. The speeches will serve as an update to the "modern supply side economics" address she delivered (virtually) at Davos earlier this year as a counter to "Reaganomics." Between the lines: The Treasury Department will play a key role in implementing the Inflation Reduction Act, from administering the electric vehicle tax credits to cracking down on tax evasion. Yellen wants to ensure her department remains in the driver's seat in Biden's overall effort to grow the economy for the middle class. What we're watching: Friday's September jobs report may provide some clues into whether companies are shedding jobs or slowing hiring in response to the economic uncertainty. Be smart: Yellen can't convince consumers they're better off than their bank statements and grocery bills indicate. And if she paints the economy too rosily, she risks damaging her own credibility. What Yellen can do is make the intellectual argument to markets, major employers and voters that team Biden has a long-term plan to ensure the economic recovery is durable and dynamic.
The curse of a froggy countdown has been put on Yellen. Now we’ll be stuck with her for 6 more years.
Janet Yellen "out on tour." I wonder if people will be coming from all over the country to see a Janet Yellen rally. Feel the burn. Maybe with hats that say "MIGA". Make Inflation Great Again. Usual Tard would be down with that. Probably down with Janet Yellen too but let's not go there.
Many more will attend Janet Yellen events than the mere dozens that attended recent Dr. Oz campaign rallies.
Yellen is not running for elected office. If she were, we would see what the turnout would be. Right now she is just a footsoldier for the dnc/bidenistas who have orchestrated turnouts for her. I wonder how many will tune in to see the Fetterma/Oz debates. Oh wait. Nevermind. Fetterman is too sick to debate but well enough to be Senator for six years. That's the theory anyway.
Her tour will be new microchip and battery plants. Things like that. How’s that inflation is Joe Biden’s fault working out on the trail for ya?
I am not out on the trail but everyone I know knows life was better under Trump. Maybe not in your circles. You guys are just happy about the giveaways and the talk about weed being legalized and the funding of sex changes for kids in kindergarten without parental consent.
I see. $2 trillion deficits, 10.5% unemployment, no oversight PPP loans for the republicans in congress and how many stimulus payments 2 under Trump, that is your thing. Hey, if that’s what makes you happy who am I to say no. Can’t forget about pardoning Trumps criminal friends! Ohh yeah you got a wall that Mexico paid for. Not!
Yeh sure, and you your ilk and Kamala addressed the root causes of immigration which has vastly reduced the numbers coming to the border. OR NOT.