Yellen quickly dismissed a question about grocery prices, which have risen 20% since before the COVID-19 pandemic, during an interview with Yahoo Finance’s Jennifer Schonberger on Monday.
Treasury Secretary Janet Yellen has insisted she goes to the grocery store “every week” and isn’t shocked by the prices
7/10/2024
AD_SHOULD_BE_HERE
“Have you been to the grocery store lately?” Schonberger asked Yellen.
“I sure have — I go every week,” Yellen responded.
“It’s sticker shock, isn’t it? Even though shipping costs have come down and global food commodity prices have decreased, food prices remain high. Should the US invest in agriculture to boost the food supply?” Schonberger asked.
AD_SHOULD_BE_HERE
Yellen, who has an estimated net worth of $20 million, started to say “No” before Schonberger finished her question.
“I think it largely reflects cost increases, including labor costs that grocery firms have experienced, although there may be some increases in margins,” Yellen said.
Yellen mentioned that she had met with several grocery store CEOs, including the CEO of Target, who told her they were cutting costs for essential items like bread, milk, diapers, and other “core purchases.”
AD_SHOULD_BE_HERE
“I think that’s to be applauded. I think that kind of thing is helpful, but I would be reluctant to agree that we should be centralizing agriculture,” Yellen added.
Trump: I want no more property taxes across the United States
7/4/2025 10:14 PMTrump's "Big, Beautiful" has $1.1 trillion in health cuts and 11.8 million losing care
7/3/2025 7:31 PMTrump’s Big, Beautiful bill passes the House
7/3/2025 7:27 PMGas prices haven’t been this low for the Fourth of July since 2021
7/3/2025 4:32 PM
Stay Updated
Subscribe to our newsletter for the latest financial insights and news.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.