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Yellen: ‘I Strongly Doubt’ Relief Will Stoke Inflation Pressure

April 5, 2021, 4:04 PM

Treasury Secretary Janet Yellen reiterated her view that the $1.9t pandemic-relief bill signed last month won’t stoke inflationary pressures, and suggested that low interest rates will continue to prevail in coming years.

  • Yellen speaks Mon. in response to questions following speech to Chicago Council on Global Affairs
  • “Will it be inflationary? I strongly doubt that it’s going to cause inflationary pressures. We’re in a deep hole where the U.S. economy is still down around 9 million jobs”
  • “We do have fiscal space to be able to afford it,” she said of the Covid-19 spending bill. “In part because we’ve been ...

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