Treasury Sec Admits Error on Inflation
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Treasury Sec Admits Error on Inflation
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Inflation is crushing many Americans, and we need a plan to stop it. As our leaders struggle to contain it, we must pray desperately.
From Fox Business. U.S. Treasury Secretary Janet Yellen said on Tuesday said she was wrong about the path inflation would take following months of public statements over its perceived threat.
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“I think I was wrong then about the path that inflation would take,” she said during a CNN interview. “As I mentioned, there have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I didn’t at the time fully understand….”
“So really, the shocks to the economy have continued, but inflation is the number one concern for President Biden,” Yellen added.
In March, Yellen appeared to contradict the White House when she said she was expecting another year of “uncomfortably high” inflation.
“I think there’s a lot of uncertainty related to what’s going on with Russia and Ukraine and I do think that it’s exacerbating inflation,” Yellen said on CNBC at the time….
How are you praying for our economy? Share your thoughts and prayers below.
(Excerpt from Fox Business. Photo Credit: olieman.eth on Unsplash)
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Father, we pray that you would turn our hearts to you and bow in repentance for the corruption that is going on, for the hatred and violence, for the murder of innocent pre-born children. Draw us to our knees so you will indeed heal our nation.
Father, only you know fully the ins and outs and the root of the inflation that we are experiencing. We ask that you get to the root of the issue and give us and our leaders wisdom on how to circumvent this inflation. Show us how to intercede. We, Your children, stand on your word that states:
“I was once inexperienced, but now I’m old. Not once have I found a lover of God forsaken by him, nor have any of their children gone hungry.”
Psalms 37:25 TPT
https://bible.com/bible/1849/psa.37.25.TPT
Father, turn this thing around quickly, in the name of Your dear Son Jesus the Christ Amen!