Secretary Yellen said “a common definition of recession is 2 negative quarters of GDP growth.” Less than a minute later she said “even if we have 2 quarters of negative GDP growth that's not a recession”

One of the most amazing video clips by a public official. Ever.

HANKE’S BELIEVE IT OT NOT! Secretary Yellen said “a common definition of recession is 2 negative quarters of GDP growth.” Less than a minute later she said “even if we have 2 quarters of negative GDP growth that's not a recession”pic.twitter.com/16SUbyqd9H

— Steve Hanke (@steve_hanke) July 25, 2022