Treasury Secretary Janet Yellen sent markets into a tizzy on Tuesday when she said interest rates may have to rise to keep the economy from overheating with all the government stimulus. But later in the day, she walked those comments back, claiming inflation isn’t going to be a problem and insisting that she wasn’t suggesting or predicting rate hikes.
Yellen’s flipflop is telling. Even if inflation is an issue (and it is), there isn’t a darn thing the Federal Reserve can do about it.
Yellen made her first comments during an event hosted by
The Atlantic magazine. She warned that all of the government spending coming down the pike could cause the economy to “overheat.” That’s code for “it could cause price inflation to surge.”
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By Cappuchino
Apr 30, 2021
Ja Rule and his wife, Aisha Atkins have been avoided Uncle Same for a some time now. It s so bad the couple allegedly owes over $3 million in federal taxes, according to Radar Online. I guess we will see Ja Rule doing some form of concerts soon to get that paper. It has gotten so bad that the U.S. government had to file a lawsuit against the couple. The money is owed from the years 2005-2010 and 2012-2017. And this isn t the first time Ja Rule has had issues paying his taxes. But this time it is even crazier. The IRS claims they demanded payment from the rappers but he didn t pay up. He better get that Fyre Festival up and really running and pay that money back.