Treasury Secretary Janet Yellen said Wednesday that the stimulus spending signed into law by President Joe Biden to aid the U.S. recovery from the Covid-19 pandemic may have contributed “a little bit” to the country’s subsequent inflation woes.



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Reuters

United Kingdom

Yellen says COVID spending may have contributed 'a little bit' to inflation

The Biden administration's spending on stimulus to keep the economy going during the COVID pandemic may have contributed "a little bit" to inflation, U.S. Treasury Secretary Janet Yellen said in an interview on CNBC on Wednesday.

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The Biden administration's spending on stimulus to keep the economy going during the COVID pandemic may have contributed a little bit to inflation, Treasury Secretary Janet Yellen said in an interview on CNBC on Wednesday.

New York Post

Murdoch family

New York

United States

Janet Yellen says COVID spending may have contributed ‘little bit’ to inflation in rare admission by Biden official

Janet Yellen discussed inflation, the Covid-19 pandemic, the Fed, DOGE and more on CNBC's "Money Movers" in an interview before leaving her role.

CNBC

Roberts family

Janet Yellen: Covid stimulus may have contributed 'a little bit' to inflation

Outgoing Treasury Secretary Janet Yellen conceded that COVID-19 stimulus packages could have contributed somewhat to persistent U.S. inflation.
The COVID-19 fiscal stimulus packages may have contributed “little bit to the inflation” but said that the main driving force was supply chain issues, she told CNBC on Wednesday morning.
In the United States, there were “simply huge supply chain problems” due to COVID-19, Yellen said.
She said critical g…

The Epoch Times

Epoch Media Group

Yellen: COVID Stimulus Packages May Have Contributed ‘A Little Bit’ to Inflation

The Biden administration's spending on stimulus to keep the economy going during the COVID pandemic may have contributed "a little bit" to inflation, Treasury Secretary Janet Yellen said in an interview on CNBC on Wednesday.

New Hampshire Union Leader

New Hampshire

Yellen: COVID spending may have contributed 'a little bit' to inflation

Only by a ‘little bit’ the outgoing economist insists, arguing that the spending was ‘really important.’

The New York Sun

Treasury’s Yellen, After Years of Denials, Confesses That Biden’s Covid Relief Package Contributed to Inflation

The Biden administration’s spending on stimulus to keep the economy going during the COVID-19 pandemic may have contributed a little bit to inflation, U.S. Treasury Secretary Janet Yellen said in an interview on CNBC on Wednesday. Yellen said supply chain issues and shortages were the main factor driving up prices during the pandemic, but conceded that stimulus spending could have played a role as well. “It may have contributed a little bit to t…

Fast Company

Joe Mansueto

Yellen says COVID-19 stimulus may have contributed to inflation

U.S. Treasury Secretary Janet Yellen acknowledged in a CNBC interview that the Biden administration’s pandemic stimulus spending may have contributed “a little bit” to inflation. While Yellen emphasized that supply chain disruptions were the primary drivers of rising prices, she conceded that stimulus measures had a role in the economic challenges. “It may have contributed a little bit to the inflation, but by and large, inflation was a supply s…

American Faith

Yellen Admits COVID Relief Spending Slightly Boosted Inflation

U.S. Treasury Secretary Janet Yellen said spending could have have contributed “a little bit” to rising inflation.

Inc.

Treasury: COVID Stimulus May Have Contributed to Inflation

YELLEN: MAIN FACTOR IN INFLATION WAS SHORTAGES

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📰 YELLEN: MAIN FACTOR IN INFLATION WAS SHORTAGES

Janet Yellen

Joe Biden

US Economy

Democratic Party

Economy

Inflation

Politics

US Elections

US Politics

Coronavirus

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Janet Yellen: Covid stimulus may have contributed ‘a little bit’ to inflation

Janet Yellen: Covid stimulus may have contributed ‘a little bit’ to inflation

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