Yellen says U.S. economy remains solid, on path to ‘soft landing’ with no meaningful layoffs

https://www.cnbc.com/2024/09/07/yellen-says-us-economy-remains-solid-heading-toward-soft-landing.html

by FUSeekMe69

8 comments

  1. Sure. We should trust her….as much as when she said that inflation was “transitory”….

  2. I’m sure some of the thousands laid off feel like it’s meaningful to their livelihood.

  3. 500,000 tech workers laid off, and all the taxes they once paid are no more. Hell, the unemployment office here closed down and laid off their workers too. We’re in a death spiral. Perhaps she is too high up in an Ivory tower to see what is happening at the base of that tower.

  4. I’m sure all the people laid off while we did these useless rate cuts and ignored the price gouging going by monopolies are just *thrilled* to hear this.

  5. The tradeoff was no mass unemployment but instead we get massive increase in prices and huge decrease in purchasing power for everyone.

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