think that we are about to lose control of inflation. but treasury secretary janet yellen was the one who was wrong. how do i know she was wrong? she said so to wolf blitzer. was it a mistake, madam secretary, to downplay this inflation risk? did that contribute to the problems we are all seeing right now? well, look. i think that i was wrong then about the path that inflation would take. the basic idea of people were being given money but there was not enough goods for various reasons including factory shut down a broad, and that made the prices of those goods go up, hence inflation. and we have been here before. take a trip with me back to the future, the year is 1974, the year that nixon resigned. the number one song was barbara streisand the way we were. the way we were was that inflation wasn t more than 12%. president
how do i know she was wrong? she said so to wolf blitzer. was it a mistake, madam secretary, to down play this inflation risk? did that contribute to the problems we re all seeing right now? well, look, i think i was wrong then about the path that inflation would take. the basic idea, people were being given money but there were not enough goods for various reasons, including factory shutdown abroad. and that made the prices of those goods go up, hence inflation. and we have been here before. take a trip with me back to the future. the year is 1974, the year that nixon resigned. the number one song was barbra streisand s the way we were. like the corners of my mind the way we were was that inflation was at more than 12%.
OeNB-Chef Holzmann: EZB unterschätzte Inflationsgefahr orf.at - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orf.at Daily Mail and Mail on Sunday newspapers.