Treasury Secretary Janet Yellen in 2017 remarked that she did not believe another financial crisis like the 2008 crash and Great Recession would happen again in our lifetime.
In 2017, Yellen – while chief of the Federal Reserve –when she said she did not"believe" another financial crisis like the crash and the Great Recession in 2008 would happen in our lifetime.
Yellen’s remarks came during a June 2017 question-answer session in London with Lord Nicholas Stern, president of the British Academy, to discuss global economic issues.
Journalist Jason Howerton last week blasted Yellen’s comments about future financial crises as well as her 2021 comments about inflation being"transitory." Silicon Valley Bank’s collapse earlier this month and last week’s rush on the Fed by banks taking advantage of the emergency lending program that saw the most money borrowed since 2008’s financial crash have ignited the big, red, blinking crisis sign.
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