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Interest Rates Will Remain Higher For Longer In 2023 | Peter Boockvar

Supply Shock

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Janet Yellen, Is She Just Missing This One?

I just heard you use the word recession. But I listened to Janet Yellen. We don't have any recession because we're at a 50-year low in terms of unemployment. So that's kind of a little funny jab there. But I would be curious. What is your internal thought process when you see Janet Yellen say something like that? Because clearly, she's a smart person. Or do you think she just missed this one? Well, as Treasury Secretary, you basically are the salesperson for the economic policies of the administration you work for. And you always have to spin the economic environment in a positive way. Now, that could hurt if you're wrong.

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