See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Janet Yellen: Biden’s Spending ‘Did Feed’ Inflation

Posted on AllSides May 5th, 2022
From The Right
Drew Angerer/Getty Images

President Joe Biden’s $1.9 trillion American Rescue Plan did contribute to inflation, Treasury Secretary Janet Yellen conceded on Wednesday.

Speaking in an interview with Matt Murray, editor-in-chief of The Wall Street Journal, the former head of the Federal Reserve admitted that the White House’s enormous spending had played a role in today’s inflationary environment, adding that it was “justified” due to the various economic risks.

“So, look, inflation is a matter of demand and supply, and the spending that was undertaken in the American Rescue Plan did feed demand,” she said.

She added that today’s...

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

https://www.theepochtimes.com/janet-yellen-bidens-spending-did-feed-inflation_4447166.html

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right