Yellen Tells Skeptical CNBC Host that America Needs $1.9 Trillion Stimulus: 'We're Digging Out...

[DonViejo]

Yellen Tells Skeptical CNBC Host that America Needs $1.9 Trillion Stimulus: ‘We’re Digging Out of a Deep Hole’

By Rudy TakalaFeb 19th, 2021, 11:09 am

Treasury Secretary Janet Yellen assured skeptical CNBC host Sara Eisen in an interview that generous stimulus measures were necessary to repair the American economy.

“One question, I think, that’s still out there, is whether we need $1.9 trillion of stimulus,” Eisen said, noting that sectors of the economy including manufacturing and housing had returned to pre-pandemic levels, and that retail sales had improved by 5.3 percent in January — more than four times greater than the 1.2 percent that had been expected.

“Is that an economy that screams $2 trillion needed in stimulus?” Eisen asked.

“Well, I think it does,” Yellen replied. “We have an unemployment rate that, if properly measured in some sense, is really close to 10 percent.”

more + video
https://www.mediaite.com/news/yellen-tells-skeptical-cnbc-host-that-america-needs-1-9-trillion-stimulus-were-digging-out-of-a-deep-hole/

[Bleacher Creature]

1. Sara Eisen is awful and seems to be on a continuous audition for Fox News.

Remember this one?

Link to tweet

[Midnight Writer]

2. CNBC is as bad as FOX. They are supply side, voodoo economics worshipers.

Just a reminder: CNBC was started as a Roger Ailes project. He set it up and ran it in its early years until Rupert Murdoch hired him to lie to America.