Home » Economy » Yellen ties end of inflation with 'successful' response to COVID pandemic
Yellen ties end of inflation with 'successful' response to COVID pandemic
Biden spending plan will create ‘murderous’ inflation: Sen. Haggerty
Sen. Bill Haggerty, R-Tenn., argues Biden’s Build Back Better spending plan is coming at ‘exactly the wrong time’ for Democrats.
Treasury Secretary Janet Yellen on Sunday claimed that the end of inflation will depend on the pandemic and whether there is a "successful" response to COVID-19 by the Biden administration.
In a pre-taped interview with CBS’s "Face the Nation" that aired on Sunday, Yellen was asked whether she is confident that the inflation rate will be back to normal levels by next November, prompting her to say the "pandemic has been calling the shots for the economy and for inflation."
"If we want to get inflation down, I think continuing to make progress against the pandemic is the most important thing we can do," Yellen told host Margaret Brennan. "I think it's – it's important to realize that the cause of this inflation is the pandemic."
YELLEN ADMITS LABOR PARTICIPATION 'QUITE DEPRESSED' COMPARED TO PRE-PANDEMIC LEVELS