Treasury Secretary Janet Yellen issues warning regarding US elections 2024
US Elections 2024: Treasury Secretary Janet Yellen believes that the phrase “Veering Off Course” in the 2024 Indian elections has dire consequences for the economy. It is political. Yell implicitly endorsed Vice President Kamala Harris in particular when she pointed out that there were several indications of oxygen in the economy during the Biden Harris administration and that come November, if there are any gains in that trajectory, it may “jeopardize our economic trajectory.”
Yellen mentioned in a Wall street journal article on Sunday that there continues to be a great deal of pain that remains in lowering the cost of living but Americans should have at least some hope when looking forward to their financial prospects. ‘Mood changes for the unique, better environment where the bad side is economically sapping yelled at Saturday’s polling.’ ‘That’s because wages have been increasing at a higher rate than the increase in the cost of things and that advocacy has allowed the average American to spend on more goods than before the pandemic.’
Although she accepted that more efforts were overdue for dealing with the issues of high cost of living challenges, Yellen issued an alarming caution to the electorate in the lead up to the elections while calling for as American democracy, which would not let this country happen. The rest restyled and did not bring any new content into the text of the book—an extended essay on why fully half of this house collapses.
“There were measures taken, such as evicting people in the first year. There were measures taken, such as immunizing millions of people, so there were no deaths and businesses could reopen.”
There are cuts for the wealthiest individuals, which Yellen asserted would ‘blow up the federal deficit.’ In other matters, she pointedly observed, [despite not requesting for such measures], the cost of living in America would become more unaffordable without ‘nontargeted, nonstrategic international economy policies’.
However, the support for Trump in respect of economic matters has not waned—43 days before the D-day. On the other hand, when it comes to inflation and the economy, it is Trump over the rest of the delegates.
Respondents were posed the question of which candidate, in their opinion, would be the more competent to tackle the two issues; 48% of respondents chose Trump, whereas 40% chose Harris. On the issue of inflation, Trump was favored by respondents.
While the vice president won a mere 41% of the respondents’ support, half of these respondents showed preference to former President Trump, saying they thought he would perform better in managing the economy than the sitting vice president did.
Nonetheless, the Harris campaign was encouraged by last week’s publication of new data on American spending. The Census Bureau measures national retail sales every month, and the information regarding the sales for August showed an increase of 0.1 percent in comparison to July with sales which reached 710.8 billion dollars, up from 710.4 billion.
