Twitter Chief Executive Officer Jack Dorsey issued a warning about the economy over the weekend as Treasury Secretary Janet Yellen on Oct. 24 said the United States isn’t losing control of inflation. “Hyperinflation is going to change everything. It’s happening,” Dorsey wrote on Twitter. “It will happen in the U.S. soon, and so the world.” During an interview on Oct. 24 with CNN, Yellen said inflation levels would return to normal by the second half of next year. She made the remarks in the context of promoting President Joe Biden’s domestic infrastructure and social spending packages worth trillions of dollars combined, saying the two programs would be implemented over 10 years. “I don’t think we’re about to lose control of inflation,” Yellen said. “On a 12-month basis, the inflation rate will remain high into next year because of what’s already happened. But I expect improvement by the middle to end of …
RSS Feed | The Epoch Times