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WATCH: Janet Yellen’s Shocking Response When Asked About Grocery Prices

Posted on by angelo

FILE – Treasury Secretary Janet Yellen testifies before a House Financial Services Committee hearing on Capitol Hill, February 6, 2024, in Washington. Yellen is offering her strongest public support for the idea of ​​liquidating about $300 billion in frozen Russian Central Bank assets and using them for Ukraine’s long-term reconstruction. The United States and its allies froze Russian assets abroad in retaliation for Moscow’s invasion of Ukraine. (AP Photo/Manuel Balce Ceneta, file)

(VINnews) – Treasury Secretary Janet Yellen surprised an interviewer when she completely denied reality and tried to enlighten the public – saying she wasn’t shocked by food prices.




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“It’s sticker shock, isn’t it?” If you look at shipping costs, those have gone down, global prices for food raw materials have also gone down, but food prices are still high,” asked Yahoo! financial journalist Jennifer Schonberger.

Yellen, a millions of dollars in Biden’s cabinet, said she goes to the grocery store “every week” and isn’t shocked by the prices.

“I think this largely reflects cost increases, including labor cost increases that grocery companies have experienced, although there may be some increase in margins,” he said. added Yellen.

Grocery prices have risen by double digits under Biden as Americans are regularly shocked by the cost of a typical trip to the store.

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