Sec. Yellen on Americans Not Buying ‘Bidenomics’: ‘We’re Still in the Aftermath’ of Covid

RUSH TRANSCRIPT To tell ░░░░░░░░ this but there s ░░░░░░░░ disconnect right now you ░░░░░░░░ some of the surveys ░░░░░░░░ say they re very ░░░░░░░░ with the economy They ░░░░░░░░ feel worse off than ░░░░░░░░ years ago but you ░░░░░░░░ at these kind of ░░░░░░░░ my numbers and you ░░░░░░░░ well what s not ░░░░░░░░ like about low unemployment ░░░░░░░░ inflation coming down Why ░░░░░░░░ you think there is ░░░░░░░░ disconnect and are you ░░░░░░░░ about the fact that ░░░░░░░░ t landing The pandemic ░░░░░░░░ enormous amount of disruption ░░░░░░░░ people s lives and ░░░░░░░░ re still in the ░░░░░░░░ of what s been ░░░░░░░░ serious shock and we ░░░░░░░░ had serious global shocks ░░░░░░░░ although prices are rising ░░░░░░░░ a much slower pace ░░░░░░░░ they were inflation is ░░░░░░░░ off it s size ░░░░░░░░ level of prices some ░░░░░░░░ that people buy and ░░░░░░░░ important to them are ░░░░░░░░ A good example would ░░░░░░░░ rents rents have gone ░░░░░░░░ considerably and the cost ░░░░░░░░ if you re in ░░░░░░░░ market to buy a ░░░░░░░░ home At this point ░░░░░░░░ mortgage rates in house ░░░░░░░░ having increased and I ░░░░░░░░ a lot of young ░░░░░░░░ who are in the ░░░░░░░░ one to start families ░░░░░░░░ renting wanna buy a ░░░░░░░░ even even is in ░░░░░░░░ in We see shelter ░░░░░░░░ continued to rise know ░░░░░░░░ prices of new rentals ░░░░░░░░ stabilized and that means ░░░░░░░░ over time shelter inflation ░░░░░░░░ come down bringing in ░░░░░░░░ inflation and core down ░░░░░░░░ well But people are ░░░░░░░░ increases in rental costs ░░░░░░░░ that s an important ░░░░░░░░ of their of their ░░░░░░░░ of living but you ░░░░░░░░ the Biden Administration is ░░░░░░░░ all that it can ░░░░░░░░ taking steps I think ░░░░░░░░ very meaningful to lower ░░░░░░░░ in areas where they ░░░░░░░░ an example would be ░░░░░░░░ Insulin prices for seniors ░░░░░░░░ 30 five dollars We ░░░░░░░░ have prescription drug prices ░░░░░░░░ down the whole energy ░░░░░░░░ the Inflation Reduction Act ░░░░░░░░ energy initiatives and net ░░░░░░░░ the bipartisan infrastructure of ░░░░░░░░ will bring energy price ░░░░░░░░ certainly understands that high ░░░░░░░░ even if they re ░░░░░░░░ longer rising are definitely ░░░░░░░░ concern to Americans and ░░░░░░░░ re trying to take ░░░░░░░░ steps we can to ░░░░░░░░ address these prices You ░░░░░░░░ mortgage rates, it’s.