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 spending may have contributed '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.
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.”
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.”
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.
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