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COVID Stimulus May Have Contributed to Inflation
Treasury: Covid Stimulus May Have Contributed to Inflation
U.S. Treasury Secretary Janet Yellen said spending could have have contributed "a little bit" to rising inflation.
Yellen says COVID-19 stimulus may have contributed to inflation
The Treasury secretary said supply chain issues, shortages drove up prices during the pandemic, but that stimulus spending could have played a role as well.
Janet Yellen says COVID spending may have contributed ‘little bit’ to inflation in rare admission by Biden official
Yellen said there had not been much progress in lowering prices in recent months, but she remained convinced that the US was on a “downward path.”
Treasury’s Yellen, After Years of Denials, Confesses That Biden’s Covid Relief Package Contributed to Inflation
In an interview with CNBC’s “Money Movers” Wednesday, Ms. Yellen insisted the surge in prices was caused primarily by the Covid pandemic. She said “huge supply chain problems” that left Americans struggling to find basic goods in stores are what “started pushing prices up a great deal.”
Yellen: COVID stimulus may have contributed a little bit to higher inflation
The $1.9T stimulus package to support the U.S. recovery from the effects of the COVID-19 pandemic may have contributed "a little bit" to the elevated inflation that followed, Treasury Secretary Janet Yellen told CNBC in an interview.
4h
on MSN
Inflation wasn’t the only lasting effect from COVID-19 pandemic
The COVID-19 pandemic, it turned out, had almost as big a gastronomical effect on American society as government actions.
2h
on MSN
Biden's Final Labor Numbers: Lowest Unemployment Since Clinton—Marred By Inflation
Biden will depart office with the lowest end-of-term unemployment since Bill Clinton, but high inflation and the COVID-19 ...
New York Sun
20h
Ms. Yellen’s and Other, Regrets
If these top officials had piped up sooner, one can imagine that America could have been spared the apologies.
The Inter-Mountain
2d
Inflation and why the U.S. is in trouble
Shortly before Milton Friedman’s death in 2006, I had the privilege of interviewing him over dinner in San Francisco. The last question I asked him was: What are the three things we have to do to make ...
WCPO Cincinnati
1h
US employers added 2.2 million jobs in 2024, data reveals
The U.S. job market continued to show its strength in 2024 as the U.S. added 2.2 million jobs throughout the year.
1d
The Savings Game: Inflation’s negative impact on credit scores
Statistics show that there has been a significant increase in the level of outstanding consumer credit card balances. For a ...
1d
3 States That Could Be Sending Out Stimulus Checks in 2025
Since the onset of the COVID-19 pandemic, Americans have received an unprecedented amount of financial relief from the ...
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