Janet Yellen: “I believe it would precipitate a financial crisis. It would threaten…”

On the recordJune 22, 2021

I believe it would precipitate a financial crisis. It would threaten the jobs and savings of Americans.

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Democratic · California

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Yellen warns of the catastrophic consequences of defaulting on national debt.

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President Biden has made absolutely clear that he opposes increasing taxes on people earning less than $400,000.

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I am optimistic, because I believe that the big inflationary impulse that we saw in 2022 largely was global.

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In 2023, Yellen said the decision was 'arbitrary and based on outdated data.'

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Janet Yellen: “I believe it would precipitate a financial crisis. It would threaten the jobs and savings of Americans.”