“I would fire the finance minister. I think he has completely misled America, because he didn’t want to get the bad news. But that’s part of the public service. You have to own the good with the bad. You have to ease people into it and present a glide path,” Sununu said on CNN’s “State of the Union.” Inflation has remained at a four-decade high, gas and food prices continue to weigh on consumers’ pocketbooks — and those economic woes are expected to be among the issues at the center of November’s midterm elections that could decide who controls the Congress. Yellen, after insisting that inflation was “transient” last year, appeared during an interview with CNN in May to admit that she had made a “mistake.” Gov. Chris Sununu said if he were president he would fire Treasury Secretary Janet Yellen. Jon Cherry/Getty Images for Concordia Treasury Secretary Janet Yellen spoke during an interview with CNN in May and admitted she was “wrong” about inflation.AP Photo/ Jose Luis Magana ”I was wrong then about the path inflation was going to take,” he said. “As I mentioned, there were unexpected and big shocks to the economy that boosted energy and food prices and supply bottlenecks that badly affected our economy, which I didn’t fully understand at the time, but we recognize now. “ Sununu was also accused of predicting a recession on the horizon, criticizing Yellen for saying the outcome was “not inevitable.” “You can’t add $5 trillion to America’s balance sheet and just hope it goes away. The recession is coming. The Fed, I think, has known this for a long time. Somehow they have ignored it. They should have eased us into the right rates and where we need to go a year ago,” he said. “You had a finance minister saying, oh well, it’s not inevitable,” Sununu continued. “Of course, it’s inevitable. You don’t need four years in Dartmouth finance to know that when you add that $5 trillion, there has to be some result.” The governor acknowledged that gas prices are starting to come down after averaging about $5 a gallon, but he also noted that home heating costs are expected to soar to record levels this winter, hurting low-income families and others on a fixed income. New Hampshire Gov. Chris Sununu told CNN’s Jake Tapper that he believes a recession is on the way. “And that reality will be realized in the most difficult times, right? We have high energy prices now. It costs twice as much to fill your tank. It costs about twice as much to set up baseload generation,” he said. “And all this is really happening. And it’s not going away anytime soon.”
