Is The U.S. Headed For A Recession? Sec. Janet Yellen Gives Her Outlook

Secretary of the Treasury Janet Yellen makes her first visit to The Late Show to talk with Stephen about the pandemic’s effect on the economy and whether or not the U.S. is headed for a recession. Stick around for another segment with Secretary Yellen! #Colbert #SecretaryYellen #JanetYellen
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The Late Show with Stephen Colbert is the premier late night talk show on CBS, airing at 11:35pm EST, streaming online via Paramount+, and delivered to the International Space Station on a USB drive taped to a weather balloon. Every night, viewers can expect: Comedy, humor, funny moments, witty interviews, celebrities, famous people, movie stars, bits, humorous celebrities doing bits, funny celebs, big group photos of every star from Hollywood, even the reclusive ones, plus also jokes.

[@james.atkins88]

Recession is often the result of external factors, and it appears that the United States is losing its grip as a federal reserve currency. With a decreasing ability to control inflation and a reduction in stocks and oil trading, it seems that a new multilateral world order is on the horizon.

[@hunter-bourke21]

It's important to keep in mind that investing is a zero-sum game with both good and bad days. However, by spending and investing wisely and diversifying your holdings, you can minimize risks and maximize gains. Hiring a knowledgeable investment advisor with a wide range of options can help you achieve this and leave little room for regrets.

[@edward.abraham]

I personally worked with an investment advisor to diversify my $200k portfolio across multiple markets, resulting in over $580k in net profit from high dividend yielding stocks. With the right guidance, you can also make informed investment decisions and achieve your financial goals.

[@Sarah.barnet]

@@edward.abraham I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with?

[@rebecca_burns14]

@@edward.abraham Thank you for the tip, I must say, Julia appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, educational background, and qualifications, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

[@jackbills]

it feels good to see the market in green, but just how long until we actually break even, I’m the average retail trader, DCA-ing, buying and holding on to stocks for eons, but it’s like I’m up 5% today and down 17% the next week, Yes the market is very Darwinian, there’s winners and losers, and it’s looking like I’ve been on a losing streak, while others make huge 6figure gains in the same market. What strategies are these folks using?

[@AmandaMichelle.]

So what I do is buy companies that are doing good things, executing on business plans and then short companies that are missing earnings, it’s as simple as that.

[@kozovski6628]

- we’ve been in a rally for the last decade, you just gotta accept not everyone is as knowledgeable in the market to handle the opportunities a crash market presents, and unfortunately for me too, I got in 2019 right before the market’s melting point, I just hope I recover soon enough before retirement. Stay strong.

[@hobbs252]

I think the market will suffer more downtrends before full recovery, esp. with the inflation, hiked interest rate and looming recession bound to happen 2023, you should understand the market is not just finance and valuation, it’s history, it’s market psychology, it’s understanding how the world moves, which is why at this point in time, it’s ideal to work with an Investment-adviser with an unparalleled track record, from first hand experience, I could say they stand a better chance than most of us ever would and it has been reflecting on my portfolio. I made over $850k in net gains this year alone and I’m unbothered about the market outcomes cause I’m certain I’ll make a killing, it’s all perspective guys.

[@too-oldforthischet8463]

@@hobbs252 - Nicely said, I was thinking about going that route too, Jimmy Cramer has been going on about opportunities at stake in this present market and I’d really love to set my portfolio up for whatever is coming 2023, could you recommend this coach that guides you?

[@hobbs252]

@@too-oldforthischet8463 Search and connect with 'Donna Lorraine Judge' . She’s a verified CFP and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that.

[@svengrot7943]

Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. 2023 will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned $80,000 savings to turn to dust

[@roseroland1998]

Me too. I thought about investing in the financial market, I heard that people make millions if you know the tricks of the trade, but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $160,000 but it's hard to bite the bullet and do it. Money is hard to come by

[@baileymclean8186]

Avoid too-good-to-be-true con schemes. Seek advice from a fiduciary counselor they provide personalized advice to individuals based on their risk appetite, placing them among the best of the best. There are bad ones, but some with good track records can be very good.

[@lisaollie4594]

@@baileymclean8186 Absolutely, Fiduciary-counselor have exclusive information and data paths that are not disclosed to the public.. I've made north of $260k in raw profits from just Q3 of 2022 under the guidance of my Fiduciary-counselor "JILL MARIE CARROLL". Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

[@lisaollie4594]

@Lloyd Bernard Marie covers things like invsting, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for inveestment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.

[@Rocks_Dad]

This is a good subject. My divorce and job change has me at 46 building back from scratch basically. I have recently setup Roth based investments with pre tax options to capture my employers match. I hope to catch up. For me and others at the bottom, I have been informed we are the ones who can best benefit from this most probable 2023 downturn. I have 25 years to allow the market to correct but my initial buy ins will buy at reduced rates. For those older people who have North of 150k , I hope you find very trustworthy and informed advisors to help you protect what you have starting yesterday. My opinions are based on daid advisors advice and if someone who finds fault in my system please speak up and I'll consider your advisement.

[@Static-ash]

Thank you, Late Show for not just having on celebrity guests trying to sell their next movie or netflix series!

[@johnnybgoode8104]

They do that too

[@talltrini10]

@@johnnybgoode8104 Hence, "not just"

[@carolmorris2705]

I feel differently about it. I’m weary of the real world by the time I ready myself for late night ENTERTAINMENT. I want to escape. Talking about my shrinking dollars doesn’t help me wind down or smile.

[@karenk3593]

Amen! This is one of the late night shows that actually treats it's audience like we're smart. Thank you Colbert folk!

[@calvinlotz5980]

@@carolmorris2705 I can dig that take on it. I don't feel that way, but I definitely can understand that.

[@johnmahlmann6382]

No mention of record corporate profits.

[@utubefreshie]

Love how Stephen has these intellectuals, authors, great minds and thinkers on his show and not just celebrities and stupid stunts like the other late night shows. His Late Show is definitely a cut above the rest!! Keep it going!

[@franklin9400]

Except they aren't intellectuals. They just repeat talking points. Example: She blames Russia for inflation and gas prices. Which is false. Sanctions caused inflation, not Russia.

[@rikji]

consent to mass murder children. this thing actually said she thought it was worth it that the us military killed half million children in iraq!!!!!!!!!

[@utubefreshie]

@@franklin9400 And WHY were there sanctions in the first place? Because Russia started an unjustified war. Don't twist the facts.

[@franklin9400]

@@utubefreshie War isn't the reason a country puts sanctions on another. The world didn't sanctions America during its illegal wars. It was a choice, not a necessity. So you should take your own advise, and not twist facts.

[@utubefreshie]

@@franklin9400 So how do you propose diplomatically solving the illegal invasion of Ukraine by Russia then? And don't go off-topic with "America did this and America did that" false equivalency type of arguments. I personally don't have a dog in this fight and dont care to debate with ill-informed and misled random strangers online. But Ukraine does. It only has its own sovereignty at stake. Try justifying the invasion of their country to them. Stop defending Russia just because you don't know what causes inflation.

[@zephyrzavala1695]

Considering how some large companies and services have massively cut their own employees during the downturn, of course they'll have a rough time keeping up with supplying now. If only they used the loans to actually keep their workers like they promised.

[@ThatOpalGuy]

Record profits....

[@deborahfreedman333]

@@ThatOpalGuy Record losses.

[@ThatOpalGuy]

@@deborahfreedman333 try again. I know thinking is hard for your kind.

[@iatethecrayons]

​@@ThatOpalGuy she's not wrong. Look at credit suisse. Look at Blackstone today. Look at bank of Japan. Look at the pension funds in the UK. Look at the federal reserve. Yelled isn't telling the whole truth because the truth will cause a run on the banks, supplies. This is 2008 again.

[@disf5178]

@@ThatOpalGuy wow.. you're obviously under the impression you know what you're talking about. Fact is, propaganda only works on the weak minded, and uninformed. "Record profits" ? For who? Why is stock down for most corporations? "Price gouging" is just like "Putin's price hike" A totally asinine talking point to shift blame from this utterly incompetent administration. You think you're smart, but you aren't.

[@stevechance150]

Record high corporate profits!!! Janet, does that have anything to do with the inflation/high prices?

[@bps7209]

You should probably ask someone who thinks the inflation reduction act will be inflationary. Not Yellen, she was so confused on inflation if you remember.

[@AZOffRoadster]

No mention of record corporate profits and greed?

[@jdr956]

How about the total money supply

[@deborahfreedman333]

No mention of the record corporate losses, which is what is actually occurring.

[@AZOffRoadster]

@@deborahfreedman333 lol Your home based business isn't a corporation.

[@leslieday17]

This woman is BRILLIANT

[@larrymitchell6470]

You need to learn economics, and not be biased and listen again. In fact, replay this interview as Trump speaking every word of Janet Yellen, if you still agree then your comment is valid.

[@triumphushere1814]

😅🤣🤣😂😂😂😂

[@triumphushere1814]

@@larrymitchell6470 Yellen is a hot mess

[@thesubhumancomedy]

@@larrymitchell6470 I learned economics, 4 years. You seem like a troll, or just to provoke.

[@dark_winter8238]

@@thesubhumancomedy he had a valid point. What has she done to prove she is brilliant. It's definitely not something that comes across in any interview she has done.

[@Tim_Shu]

She looks like an older Cyndi Lauper 😂💖

[@Bareego]

The most important things are the ones she didn't mention. The deflationary pressure from China for the last 10+ years is over. The highest driver of inflation is the high company profits with minimal taxation. The rich are getting richer and the rest are getting poorer. Maximum employment is only a good thing for the rich when the wages have been going down adjusted for inflation. If you are a regular guy like me, to get out of this loop is stop your spending. I've started home brewing beer and otherwise I only buy what I absolutely have to. Stop buying stuff you don't need. It's time to bankrupt companies that rely on things you don't need.

[@StressRUs]

WELL SAID and accurate! Sadly, the corporations controlling every aspect of our culture and MSM are intent on driving consumption, so only the motivated anti-consumers, like you and me, will minimalize, and, oh, BTW, save the planet.

[@xdanbo1859]

Well said, also I would say the elites and their shills love to blame regular people for inflation, it is such BS.

[@nonaboccalupo7733]

Yes! This should be posted for EVERYONE! Regardless of sides! So so true!

[@angrydoggy9170]

One little problem with that. The global (and local) economy depends on the average person buying stuff and loaning money. If you want to change the economic system, you will have to vote in people wanting to go after the biggest money piles. Reducing your spendings as an average person reduces the tax revenue and will eventually lead to even less money going towards infrastructure and the likes. Large companies and big investors won’t be bothered about some individuals going “of grid”.

[@scottdoesntmatter4409]

kzbin.info/www/bejne/h4qmaoWDer-dirM

[@kimo8162]

It’s weird she didn’t mention the federal reserve printing money to fund the government

[@questadam2879]

Your 💯 correct. Of all people, Yellen knows better. They'll never mention Q.E.

[@terryf8398]

Exactly!!

[@triumphiztation]

I saw a recent interview w/ President Biden. He said "inflation is only up 1 inch." Spring season is here, I just hope People stop buying grills and things. That's Mrs Yellens solution to inflation in this interview. 😳

[@billysgeo]

Well rehearsed. Did she even mention the term “recession”???

[@Fallen7Pie]

This will age like a fine wine I'm sure

[@demshavenologic1286]

Just like the SBF interviews

[@iatethecrayons]

Yep

[@amyreynolds3619]

@@demshavenologic1286 , way to be optimistic.

[@cryptsub]

@@amyreynolds3619 shut up.

[@MrBrndin]

It doesnt matter to people who dont care if they are wrong. kzbin.info/www/bejne/fqGWdnWYepajiJo

[@erock736]

If inflation is due to a shortage of goods then how are CEO’s continuing to rake in record profits? Something doesn’t add up.

[@knighthawk882]

Exactly. People like Janet yellin are a front paid for by the rich people to say bologna and be nice sweet looking grandma (and she may be) but she is very calculating about how she words things to not offend her billionaire over lords.

[@tgardenchicken1780]

As the bottle neck clear (remember all the containers at the ports?) the prices don't come down. The prices go up. Folks need/want those supplies so they purchase at a higher price. The companies purchased the prices at lower cost, but either kept the higher prices to the consumer or actually increased them. This leads to some record profits for companies, while wages remain steady. Now some companies reduce the unit size of products, but do not reduce prices as the companies may be hitting some supply shortages due to weather or war. Not a full explanation, but it may help. As usual the folks with the money make the rules, this was increased when citizens united allowed money to buy power/free speech.

[@requiett]

You have to understand how money is created in order to understand what inflation actually is. The Federal Reserve sets interest rates. Think of interest rates as the price of acquiring money. The Central Bank creates the money when a loan is requested. In this fiat system, a bank loan is the same as creating money. Money is debt. Debt is money. You go to a bank and apply for a $10,000 loan and then the bank creates $10,000 that didn't exist before. Now remember during the pandemic, there was a lot of fear about businesses dying from everything shutting down. So corporate / commercial loans were made very very cheap - so cheap that it doubled the supply of money. If all these places are creating loans for free, they're creating money at an unprecedented rate. That is the root cause of this current inflation spike.

[@larrymitchell6470]

It’s not, greed is in play for sure, shortages semi-exist. But it’s the fact 40% of all USD was printed in the last 2 years. It’s called dilution. More of something there is the less value it has. Those who own the scam fiat printer just print it and hand it to their rich friends who in turn wash the money back up to those who own the fiat as donations. But the middle class and poor are the problem….just wait until CBDCs come and they have full real-time control over your funds. God help you if google home or Siri hears you ask a question outside of the narrative.

[@deborahfreedman333]

They aren't, which with the rise in interest rates, is why the stock market is at a twenty year low.

[@jamesgoines7663]

Inflation for the US is very simple at this moment. It's all being driven by fuel prices. That apple on the tree did not cost more to pick. But it does cost more to transport it. Your roofer is not getting paid more. But everything being used for the roof is affected by transportation costs. And by the way, the big 5 oil companies have pocketed more than $75 billion in profits since January. Some companies didn't even have their oil refineries operational until April.

[@jamesgoines7663]

@@BarryWinner2075 Jerry so you are saying that stopping the keystone pipeline which was never functional was the cause of inflation. Now that's truly interesting. After looking it up, the pipeline was stopped in October 2019 because of an oil spill of 378,000 gallons in North Dakota. It would be nice if you check your facts. But that's an interesting concept, for something that never happened is causing inflation. Hmmm.

[@jamesgoines7663]

@@BarryWinner2075 again Jerry, look at this year's profits associated with Exxon Mobil, Chevron, Conoco, BP and one other gas company. And some did not even have our refineries operating until April. But let's go back to the assumption of the President controls gas production. Why would the President not push the 'Lower Gas Price' button if it would make him look good? There's not one once of logic to that mindset.

[@jamesgoines7663]

@@BarryWinner2075 the executive order was implemented to stop a hazardous operation. Which it did. But we know that was not what you wanted. You do realize that the keystone pipeline was approved by Trump shortly after going into office, who actually owned stock in the company. Like mentioned in earlier posts... Interesting. Pay attention, this is important. Always follow the money.

[@jamesgoines7663]

@@BarryWinner2075 Jerry, the president is an easy target to blame. He is out front. But do you consider company executives are controlling the direction of their organizations for a profit. Jeff bezos net worth went up during Covid enough to pay every Amazon employee $100,000. And you wonder why Amazon doesn't have a union. But it's the President fault. Pick something else to put blame on the president.

[@jamesgoines7663]

@@BarryWinner2075 my facts are correct you dunce. The Dakota pipeline is currently operational and pumping oil from north Dakota to Illinois. The keystone pipeline, which trump owned stock, had a 378,000 gallon spill in October 2019. That's the reason it was shut down.

[@marvinmartin4692]

What happened is corporate greed! Plain and simple!

[@tallymay7407]

No darling that has literally zero to do with inflation. Google it, facts matter.

[@dcdelis]

We printed a shitload of money!

[@HBarnill]

Greatest treasury secretary of all time!

[@oscarinacan]

What makes her the greatest?

[@franklin9400]

Said like 10 brain dead people.

[@rikji]

consent to mass murder children. this thing actually said she thought it was worth it that the us military killed half million children in iraq!!!!!!!!! great insight ??????/

[@xdanbo1859]

@@oscarinacan Pretty much nothing, she is a shill for the power elites. I actually think she is a brilliant economist but she is that shill as well.

[@xdanbo1859]

@Worst Case Scenario ???

[@fredsimfredsim]

Nothing about printing too much money, Janet? Wow!

[@jdr956]

Seriously, what a hack

[@deborahfreedman333]

She did, if you understood her. She talked about the effort to prevent the economy crashing, which you call printing money, were more than needed.

[@fredsimfredsim]

@@deborahfreedman333 The huge unreasonable money printing started a long time ago, dear, way before they say they had to "save" the economy, and it is the number one reason for this mess.

[@phildavis277]

@@deborahfreedman333 Printing money doesn't fix the economy, it worsens it. Are you stupid or just a typical ignorant dem?

[@phildavis277]

@@jdr956 If you read these posts supporting her it is sad that people are so stupid and ignorant. But the Democrats need those morons to keep their base. Lol

[@QwkDraw]

As the economy goes down, I'm scream'n . . . she's Yellen!

[@Craziecory]

And yet large corps are raking in HUGE profits.

[@Ammo-Hoarder]

Fortunes are built in the down market and accumulated in the up market. Dot-com bust, Great Recession, and now the "speculative asset" bubble, we're all the same: a great time for builders to build. I've sold a few houses in the Tampa area for pretty good money and am considering just leaving it in stock while waiting for a house crash and also avoiding inflation, but is this really a good time to buy stocks? to buy? I've heard it's a madhouse right now and I've heard a colleague of mine talk about making over $600,000 in profits and I'd like to know how.

[@TruckeeFam]

What's needed? Liquid cash. Everyone only has credit. If you have stacks of cash, you can capitalize on everyone's credit. A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying.

[@MatthewVinson]

When the stock market rebounds, many investors may come to regret not investing in the red today. It's possible that this pricing will never be seen again. If you have a fantastic vision for it, there is always opportunity in the midst of chaos.

[@IAMBETTERTHANYYOU]

@@MatthewVinson I agree. Based on my personal experience working with an investment advisor, I currently have $385,000 in a well diversified portfolio that has experienced exponential growth. It's not just about having money to invest in stocks, you also need to have knowledgeable, persistent and strong hands to support it.

[@elizabethyork590]

@@IAMBETTERTHANYYOU How can you get in touch with this financial advisor you mentioned?

[@IAMBETTERTHANYYOU]

@@elizabethyork590 "LISA ELLEN SHAW" is the Invëstment Advisor. She has been a great help and her guidance has given me a greater understanding of profit generation. You can look up her name on the internet for her Website and contact her. Understands the job perfectly.

[@jtownsend9424]

Of course Yellen will blame someone else. The older generation have it worse in this crisis if you ask me, we have had our savings dwindle with the cost of living and we are finding it tough to replace it. I know it could have been worse, but its troubling when you remember you have to retire in a couple years.

[@greatwhite4226]

I can entirely relate to this, keep your head up.

[@bethany6931]

@@mitchel8329 I also own some S&P and passive assets on my own, I started this year, doing pretty good so far but could be much better in terms of returns. I just wish I was as smart as you, I would have a much better budget for my retirement savings by now.

[@bethany6931]

@@mitchel8329 I think it's especially difficult for newbies doing it all alone. I wouldn't mind looking up your advisor please, I've been looking into hiring one as well.

[@bethany6931]

@@mitchel8329 I searched with his name on the web and came across his site, quite impressive. Thanks a bunch.

[@kirsteenluna5617]

It's all cyclical, remember that. During times of high interest rates, everything is more expensive and companies often scale back.

[@thinkbeyond3457]

And the record corporate profits? 🤨

[@trdoffroadguy1684]

How is unemployment down when 98% of the businesses in our town are understaffed?

[@trdoffroadguy1684]

@@mslinda8456 I see , ty.

[@raygunsforronnie847]

Robes AND a goat sacrifice? I'm all in!

[@jamesgoines7663]

Check back with us if there's a virgin review department.

[@pennyc11]

Easy, gas companies gouging. Afraid of electric cars. Their efforts are going to hurt them overall. I agree we must limit our spending and who we do business with. Please support small business as much as you can.

[@firstlast8258]

Pass gas ⛽️

[@disf5178]

Even if gas prices were pure price gouging, how would that cause a 7% rise in inflation? Do you even understand what "inflation" is?

[@Zeiss120]

We in this country can't support an all EV road... The gas companies know this, and we've even found more gas than we had thought. I'm sure Exxon is laughing their butts off to the bank, because they know states like CA is gonna mega f'ed once 2030/35 rolls around and their still burning coal as the main source of electricity.

[@pennyc11]

@@Zeiss120 Coal? Hum...Cali has wind farms, mines Natural Gas. I really do not see an abundance of coal usage there.

[@lorhay2522]

Here in Canada the experts are predicting a “minor” recession in the first quarter of 2023 but our economy will pick up in the second quarter. I hope they’re right. USA is in a better economic place than we are. 🤞🙏

[@bps7209]

Not if you look at our Debt. We're powerfully poor.

[@adammartineau2818]

Your mistaken you should consume more of the propaganda.

[@iatethecrayons]

The bank of Canada is insolvent. The bank of Japan posted its first bond losses in 16 years. The dollar is over inflated in value to the point where countries can't pay their debt. Every currency is beholden to the dollar. 2008 never ended. I'm sure it'll be fine tho.

[@lorhay2522]

@@adammartineau2818 childish comment

[@adammartineau2818]

@@lorhay2522 really prove me wrong.

[@mikeh720]

"Does he confuse you?" "No, not especially.", translation: "Bless your heart Stephen..."

[@michaelorlando6413]

Madam Secretary here’s another softball , are you ready dear?

[@ethanryans7673]

Heading towards a recession? Are we not already in one??!😅

[@victorseger6044]

Yes .. but it's.. wait for it.. transitory..😂

[@jiggahenry9471]

Not in a recession with GDP growing and unemployment so low

[@MrBrndin]

@@jiggahenry9471 OK, now imagine if the Republicans were in charge, Would we be in a recession then?

[@tallymay7407]

@@jiggahenry9471 The GDP is 0.06% and unemployment is n the rise. What are you talking about! When the Fed rate (how much borrowing power the US has) is 7.9%, that is one of the biggest indicators of a recession... Facts matter.

[@30all]

This video was edited to skip she blames Americans' splurging for high inflation .

[@lawrenceiverson1924]

Investors have NOT lost a lot of money.!! Gamblers have !! Nixon??? Us went off the gold standard in 1933 !!!!!

[@shirleyrombough8173]

Right before the 1972 election Nixon manipulated the economy so that for a little while at least employment and wages were up. He was a shoo-in for reelection. He didn't need to mess with Watergate.

[@saturnv2419]

If you think about money as a certification of resource, this is easier to understand. Feds control how many certification there are, so they had to adjust it based on if there are more resource or less. If resource did not increase, like the first two quarters, while certifications are the same, each certification will worth less.

[@brianbarfield9716]

Also companies take advantage of inflation by increasing prices more than they have to.

[@disf5178]

Ok.. so? How would that cause 8 - 9% inflation?

[@reidcushman3562]

And this is why #LSSC is a cut above all the other talk-variety shows. How many would dare spend serious time on something like this? (Well, OK, John Oliver and #LWT, but other than that?) As if the Colbert monologues weren't reward enough.

[@jamesdurett5913]

It’s nice to see the real consequential folks in our government get some spotlight instead of just politicians

[@laureencriss8220]

She's a politician!

[@sadielou1808]

I love that Colbert has intelligent conversations and uses big words I don't know. From Lehman moment to synecdoche (one I had to google after misspelling it several ways). Oooh, and fiat currency. Sounds so sexy.

[@thomthom6268]

I wonder if they get a $100 bill with Ben in Leathers.

[@reneekad]

I loved the Secret of Nihm as a kid

[@SuperiFox]

Renee the fuck u on about

[@SuperiFox]

Girl

[@knighthawk882]

Good movie tbh

[@jscheunemann]

To bring back and old quote, “If it was a bagel, it would be a mild bagel.” Ed The West Wing

[@caranbereth9026]

Corporate greed, address that

[@jonspitz8287]

How about windfall profits by the oil corporations as a reason for inflation, Janet?

[@mizzury54]

She may have touched on that if Stephen didn't interrupt her and change the subject.

[@R1GAMBLER]

☝🏻 oh look, the arsonist is here to explain why our house is on fire💅

[@gkbhai8962]

does printing money through QE have nothing to do with the creation of inflation?

[@milihademushi5537]

sure

[@BMrider75]

Stephen's use of 'synecticy' sums up his style of interviewing !

[@kapildevneupane8072]

I think he meant synecdoche, didn’t he?

[@hkumar7340]

Synecdoche...

[@BMrider75]

@@kapildevneupane8072 yeah, sorry, spelling is not my forté....

[@thomthom6268]

I had to look the word up. Synecdoche seems to describe his style of humor more than his interview technique. [I couldn't spell right the first time either 😄]

[@lewsouth1539]

Unfortunately, he used the word incorrectly. en.wikipedia.org/wiki/Synecdoche

[@ScytheNoire]

Recession has been going on for the past year everywhere else. Inflation is killing us.

[@mizzury54]

Not just us .

[@thomthom6268]

Inflation is global and does not a recession make. That's a decrease in GDP. And we did have 2 qtrs of decreasing GDP, which I thought was the definition of a recession.

[@firstlast8258]

Speak for yourself

[@SirBlot]

I think that is the point

[@jasonbean2764]

Forget gender. This is one of most intelligent and articulate people I've ever had the privilege of listening to. And I'm including Ralph Nader.:)

[@Dougiebones]

No mention of price gouging. I wonder why.

[@maneshipocrates2264]

Trust economists at your own peril.

[@ThatOpalGuy]

And Republicans, and police, and...

[@rikji]

consent to mass murder children. this thing actually said she thought it was worth it that the us military killed half million children in iraq!!!!!!!!!

[@xdanbo1859]

@@ThatOpalGuy that is good start, but that list needs to be added to ... Democrats, elites, large corporations, mainstream media, culture warriors, and pretty much anybody or groups with huge concentrated power.

[@maneshipocrates2264]

@@rikji Oops not seen that! If true, it indeed horrible. They are all oblivious to the atrocities committed in Iraq.

[@ThatOpalGuy]

@@xdanbo1859 you seem very insecure. but that isnt surprising

[@woofer2121]

greed its called greed

[@RipeTimes]

Q: "Are we headed for a recession?" A: "Russian invaded Ukraine..."

[@Herbwise]

The greatest irony is that crypto pushers want a currency independent of govt oversight yet the latest crash will likely bring in strict oversight.

[@larrymitchell6470]

FTX CEO numerous times bashed Bitcoin. Why? Because you can’t control it like centralized tokens. It’s why FTX had ZERO Bitcoin. Centralized you can manipulate at will. CBDCs are centralized. Everything that went to shit was centralized and further proved why decentralized proof of work is the only real way. FTX dying was a godsend for Bitcoin. Not the day traders, but the decentralized blockchain tech for a very long term future. Never ever touch centralized. I shit canned Ethereum after they moved to proof of stake which is centralized. And the Bitcoin community has been screaming for some government oversight but once that occurs you validate Bitcoin.

[@ohioisastate8574]

Crypto is more controlled than paper fiat

[@acqianseo1928]

Maybe that was the plan

[@TheJamesthe13]

And yet financial research shows almost 40 % of inflation is cause by corporate price hikes, unrelated to supply issues.

[@jlbueno0611]

Corporations who fire and deliberately cause those bottlenecks to create more demand . Everyone is after those extra dollars and take advantage of who is in need.

[@bps7209]

🤣😂🤣😂

[@bps7209]

@Worst Case Scenario You know it.

[@BlackClaws]

Prevent Recession, take all the hoarded wealth from the 1% and put it back into the hands of consumers.

[@DoubleOld7]

Damn! Stephen got smarts!!! 😁😉👍

[@Ianms]

How can Colbert claim his show isn’t political when he regularly gives uncritical platforms to some of the most powerful people in the world?

[@amyschmidt1113]

Everything is political right now. Everything. And it's suffocatingly boring.

[@Ianms]

The Daily Show ecosystem has ruined comedy.

[@ultra100able]

He is just a puppet for the network

[@TheShadowwalker007]

Was there stuff cutout? I want more

[@mizzury54]

It wasn't long enough that's for sure.

[@peterbathum2775]

Thank you for this interview.

[@Entoron055]

I really would have liked to see an uncut version of the interview, whenever it got interesting they just edited away 😢

[@anitanoecker2569]

Aww, so cute, another MAGAt ignorant comment.

[@Entoron055]

@@anitanoecker2569 this must be a misunderstanding. I enjoyed it the way it is, I just would have liked to here more of what she said. Sorry if comment lacked the nuance, English is not my first language

[@uthmanbaksh3530]

"The Recession!" - what corporations say is heir reason for rising prices

[@thearmchairjournalist566]

The whole world is basically in a recession, we’re half way through one and it just depends how bad it’s going to get 😢

[@Hello-xp5wz]

Do you have a job? Can you put food on your table and a roof over your head? You obviously live in doors and have WiFi or Data. Relax.

[@TimJenningsVideo]

During the 2008 recession, I remember a constant denial that we were in a recession. It wasn't until a good chunk of the recovery had taken place that there was any kind of acknowledgement that there was a recession.

[@vanessawhitneypro]

@@TimJenningsVideo GW and His Cronies were denying it long before that... They set it off... Barack got us back on track, then the Wannabe Dictator ruined us again... It's what the GOP is best at... Ruining everything... Here's to Progress & getting out of it again... Go, Dems!

[@mizzury54]

That's simply not true.

[@thomthom6268]

@@Hello-xp5wz i haven't lived in a door since college. 😀

[@FO_Biggles]

Listen to how quiet the audience is. They're actually listening.

[@williamkinney2803]

Sometimes, Colbert, you do no let your guests finish answering your question. Video editors? Either way, let the finish!

[@murphyshsu]

A pleasure to watch!!!

[@victorseger6044]

Then you'll love comedy central.. if that's the case

[@tomtwo8714]

She’s lying. It’s pretty insulting she thinks we’re that stupid. Inflation was caused by seven trillion dollars that they printed in two years.

[@amyreynolds3619]

Wrong. Tax cuts and credits for the rich friends of the twice impeached disgraced FORMER president are to blame also.

[@MrBrndin]

@@amyreynolds3619 Wrong. They have always done that, where was the inflation then?

[@tomtwo8714]

@@MrBrndin Lol. No. You know nothing about economics.

[@MrBrndin]

@@tomtwo8714 opps, weird reply from me when I agree with you. This app is trash.

[@MrBrndin]

@@tomtwo8714 I was replying to the comment under yours, which is now hidden. They should either stop doing that BS or just stop the comments.

[@philliphsieh83]

I support and will obey Janet Yellen Forever!

[@trinityadiaz]

Since when do these government officials go on talk shows on the regular. I guess when you have to sell bad times and make it out to be good or blame others for your terrible decisions this is what you do

[@kepler186f4]

“I believe that banking institutions are more dangerous to our liberties than standing armies,” Jefferson wrote. "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around (these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered... The issuing power of currency shall be taken from the banks and restored to the people, to whom it properly belongs.” - Thomas Jefferson, 1806

[@direwolf6234]

and how does restoring to people actually work ??

[@vytallicaq.6881]

@@direwolf6234 kzbin.info/www/bejne/mYWzoKOEfJt_iK8

[@kepler186f4]

@@direwolf6234 I suppose by electing candidates that actually listen to the electors instead of corporate lobbyists.

[@firstlast8258]

@@direwolf6234 🔫

[@MrBrndin]

“The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money”

[@RevCeleste]

I could listen to him interviewing her for an hour! He had to keep jumping to a different topic because there were so many topics to cover and I wanted them to be able to get more in depth.

[@billyshithead3139]

That band is 🔥🔥🔥!

[@tertommy]

On weekends Yellen puts on a wig and entertains with her killer Marty Allen impression, hello dere.

[@fbenbow2197]

Very interesting... Considering the two factors are low inflation and high employment in a fiat currency , there are many reasons why this is not a sufficient regulatory system any more.

[@user-hf2dr7sh4y]

And we're a consumerist economy that is to some extent supposed to become a savings first economy, while inflation is at an all time high and interest rates will remain high for some time.

[@garethp983]

You didn’t wanna ask why big companies are price gouging? Especially oil companies

[@HateTheIRS]

No they’re not Saudi Arabia controls a big chunk of oil production It’s Saudi Arabia

[@garethp983]

@@HateTheIRS they are definitely not helping it but the big companies not just oil are making record profits and blaming inflation

[@jamesstrathy2178]

50% of inflation is caused by corporate profit. Last inflationary period it was 10 %. Not mentioned for some reason........

[@jamesstrathy2178]

@Worst Case Scenario She at least allows it but perhaps you are right. Still no one ever talks about it. Seems like a nice little old lady?

[@hanssolos3699]

mama is the dr ruth of finance.

[@renee6164]

👍🤣🤣🤣🤣

[@SLAVAUKRAIN_HEROYAMSLAVA]

Thank you Madam Secretary

[@jontomas2271]

Isn't it funny how these economic experts NEVER mention that real wages haven't increased in 50 years? --- It makes you wonder who they really work for!

[@jmisc]

I respect her, but Janet was not clear about one thing. Employment rate is not correlated with life quality. You can get a job at McD after being fired from a pharmaceutical company. Everyone can also create LLC.

[@sheepheard483]

My God how can people be so dishonest?

[@spiritsandnature]

great episode

[@disf5178]

If you're uneducated, or you just want to believe that the Biden Administration is competent... then, sure. Great episode.

[@spiritsandnature]

@@disf5178 you are brainwashed and I feel bad for you. xoxo

[@xluisperezx1]

Brilliant women

[@xdanbo1859]

I would actually agree with that, but I would also say she lets herself be used as a shill and tool for power elites. While she is brilliant she is also that shill.

[@phildavis277]

Brilliant? She is a bullshit artist.

[@Edoe1]

Automation is hurting the job market. Self check out doesn’t reduce shelf prices.

[@namal007]

Not headed Bruce, it’s already here 😅

[@calvin013]

the non-answer at 3:00 is the most important indicator that she's not wanting to ring the bell.

[@xenon54]

Cryptocurrencies have no government assets backing. The Dutch went bankrupt in the 1600s investing everything in tulip bulbs. To them tulip bulbs was the crypto of the day.

[@larrymitchell6470]

A public ledger, finite supply, complete control of your money, being your own bank, and perfect math that’s protected by literal energy, a payment network layer that handles millions of transactions per second and proven and in use now with extreme growth (and still decentralized). But better than a Bulb

[@Snipergoat1]

Well except for the vital necessity of having a unit of currency that cannot be swayed or confiscated by any political authority. Comparing that to a perishable bulb that was essentially a lottery ticket for possibly being a prized striped flower makes the comparison a tad facile.

[@landoncambre2258]

Also,.if a company is gouging prices, then make your own company and charge less. Duhhhh, it's not corporations causing the problem... It's the money printing (FED and Yellen). If I try to sell a car for a million dollars, no one will buy it... Y'all act like corporations can sell a product for any price, but that's not true.. if you find a product and the price is too much, and you don't want a corporation taking profits, then don't buy it, make your own company and compete. Competition keeps corporations in check, and cryptocurrency, gold, and silver keep the government in check. The government made your prices go up, not corporations. So stupid.

[@therealzilch]

It's always comforting to hear from government officials who seem to know what they are doing and care about it. Thank you Janet Yellen, and thanks to Stephen for another intelligent talk.

[@bigdaddynuts]

This is total propaganda. Don’t believe this garbage.

[@jdr956]

Sheep.

[@Cameron655]

@4:15 "Secrets of the Temple", and I was shouting "I have that book! IT'S RIGHT OVER THERE!!" It's also a pile of tosh. Although technically, there is no "Federal Reserve", it's the "Federal Reserve System", and the FOMC. But I'll hand out a pass for that. And I do like the idea of exploding goats: sure, they look cute, but they will eat through literally anything if they're in a bad mood.🐐

[@FilmEastCoast]

Creature from Jekyll island a much better choice in book

[@MattSeven]

Audit the Fed.

[@StopStaringAtMyBoobs]

they printed a lot of dollars out of nowhere

[@siniaura]

Only USA can do it..

[@00SmileTime00]

What do you think a Treasury does?

[@siniaura]

@@00SmileTime00 in my country, NOT print money

[@00SmileTime00]

@@siniaura And what country would that be? You're about to be in for a rude surprise...

[@00SmileTime00]

@@siniaura Also saying something that you think a Treasury doesn't do; doesn't answer the question "What do you think a Treasury does?"

[@TheMichelleMermaid]

I can’t wait for the new dollar bill!

[@scubardiveshop1389]

this is a very insightful interview. Thanks guys :)

[@disf5178]

Insightful? Nothing she said about the causes for inflation made economic sense. She basically blamed inflation on supply chain issues/bottlenecks, which is ludicrous.

[@Snipergoat1]

You seriously thought that insightful? Unless that insight was "She really does think we are idiots and will say anything to cover for her boss." I really don't see it.

[@laureencriss8220]

Yes, it's wonderful to get an interview from a public servant for free. Meanwhile, she has earned over $7 million in speaking fees to banks, etc. over the past two years. What an honor.

[@tallymay7407]

Its very much gaslighting Americans and absolutely a lie.. Facts matter.

[@catherinebiggs8162]

Remarkable woman! Thank you for having her on the show.

[@daviddavis2894]

She obviously doesn’t know what the fuck she’s doing given that the chairman of the Fed is printing we fuck tons more money than we should be yeah remarkable woman indeed.

[@larrymitchell6470]

Imagine Trump saying every word she said, see if you agree then or just another sheep. If you agree? Then you are valid.

[@victorseger6044]

Remarkable woman ? She's an idiot of epic proportions..

[@MrBrndin]

They break down how awesome she is in this video kzbin.info/www/bejne/fqGWdnWYepajiJo

[@bigfootbreath]

The same fed chairwoman that adamantly said there will be no more financial crisis in my lifetime after 2008 crisis. Take that SVB, Signature Bank, others.

[@stanleyhuang5964]

Thank,you❤

[@foyrojkabir9138]

she didn't mention anything about Fed pumping trillions into the economy during the Pandemic which is telling because either she does not want to take any responsibility for those actions because she wants to protect the Fed as an institution or she is a zealot of the fed and does not believe that their monetary policy had anything to do with inflation. Either way, assuming this is another PR for corp friendly policies.

[@carolkar5687]

or. perhaps it was a brief interview not a treatise.

[@MrBrndin]

@@carolkar5687 Saying "Inflation was caused by printing money" is 5 seconds.

[@jaybartgis5148]

That could have been the most quiet audience i have ever heard