Andrew Ross Sorkin: 자넷 옐렌, Fed 'got it wrong' on inflation, were 'a little political' in their response

Talking about whether the U.S. 이다 “headed for a mega recession,” host Kara Swisher noted that Sorkinjust recently interviewed Janet Yellen, who kind of missed it,” 과 “Fed Chairman Jerome Powell says it’s a possibility, but not likely,” then asked how he thought the two werehandling things.

“잘, let’s be honest. They’ve gotten it wrong. They’ve gotten it wrong,” Sorkin responded. “그들은 said they’ve gotten it wrong. I think why they got it wrong is probably more interesting,” 그는 계속했다.

CONSUMER SENTIMENT HITS RECORD LOW

우리. 조 바이든 대통령 (씨) meets with Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen, in the Oval Office at the White House on May 31, 2022 워싱턴, DC. The three met to discuss the Biden Administration's plan to combat record-high inflation.

우리. 조 바이든 대통령 (씨) meets with Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen, in the Oval Office at the White House on May 31, 2022 워싱턴, DC. The three met to discuss the Biden Administration’s plan to combat record-high inflation. (Photo by Kevin Dietsch/Getty Images)

“알 잖아, if you’re Janet Yellen, she’s in a political job, and they wanted to run that economy a little hot. They said that. They felt they needed that. And that was a mistake,” Sorkin said.

Jay Powell, I’m not sure wanted to run the economy hot per se, but there was a period of time where he had an opportunity to try to put the brakes on. 그리고 그는하지 않았다, in part because he was up to be reappointed [by the president],” 그는 계속했다.

Sorkin alluded to President Biden’s nomination of Powell for a second term. Had Biden been displeased with Powell’s monetary policies, he could have nominated somebody else.

And had he put the brakes on prior to that, which is when, 나는 생각한다, he would have wanted to, it’s unclear whether he’d still have the job,” 그는 말했다. “So all of these things to me are a little political,” 그는 계속했다.

Sorkin also expressed fascination at Yellen’s expressed certainty that there will not be a recession.

래리 커들로: BIDEN JUSTICE DEPARTMENT IS A TOTALLY POLITICIZED LEFT-WING OPERATION

우리. President Joe Biden announces the nomination of Federal Reserve Chair Jerome Powell for a second four-year term, in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, 우리., 십일월 22, 2021. REUTERS/Kevin Lamarque

우리. President Joe Biden announces the nomination of Federal Reserve Chair Jerome Powell for a second four-year term, in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, 우리., 십일월 22, 2021. REUTERS/Kevin Lamarque

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