The bill, which took more than 24 hours to debate and passed by a narrow margin of 50-49, includes direct payments to most Americans and extends unemployment benefits through September.WASHINGTON -- Treasury Secretary Janet Yellen says fears that the administration's $1.9 trillion relief bill could trigger a rapid rise in inflation are misplaced.
Asked about concerns by some economists that the measure could rev up the economy too fast and trigger higher inflation, Yellen said, “I really don't think that is going to happen. We had a 3.5% unemployment rate before the pandemic and there was no sign of inflation increasing.” The House is expected to give final passage to the relief bill this week and the administration has said the president will sign the measure as soon as it reaches his desk. Expanded unemployment benefits for Americans are scheduled to run out on March 14 if no new legislation is passed.
She just lied her ass off. There MUST be inflation and a lot of it to pay back all this free money being given out. Here's the REAL issue: In the history of America only Reagan pulled it off. That's 1 Administration! We probably screwed.
Oh it will be far worse than that, and then take into account Democrats are in charge and you can kiss the economy goodbye
Democrats did put a lot of pork in that bill.
Oh stop it with the shenanigans. Misplaced? She is misplaced and out of touch to reality. There are people with no income. REALLY!
Give us each $10m. No worries about inflation.
i like her, we need more people to think out of the box...and she is educated/academic...look at Stocktons' pilot program. We need to be brave and not live in fear, where we won't continue to be stuck in quicksand.
It will over several years, but isn’t that likely to happen even without it.
Time will tell. I predict a damaging increase in inflation due to this drunkin sailor spending by Biden and the Dems .
GQP doesn’t understand basic concepts like inflation...too bad the Cult hasn’t figured that out yet,
ESTO ES UN ARMA DE 2 FILOS TODOS LOS QUE SOMOS DE LA CLASE MEDIA Y POBRE SON LOS QUE MAS NECESITAMOS ESE DINERO LOS RICACHONES LES SOBRA ASI QUE OJALA QUE CALIFIQUEMOS QUE ESE DINERO NOS SERVIRIA BASTANTE
Not really misplaced.. another influx of stimulus in a parabolic market only pumps the $$ in the short term. Bearish in the long term.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.