COVID Stimulus May Have Contributed to 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.
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.
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: Covid stimulus may have contributed ‘a little bit' to inflation
Janet Yellen discussed inflation, the Covid-19 pandemic, the Fed, DOGE and more on CNBC’s “Money Movers” in an interview before leaving her role.
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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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.
Trump Will Inherit a Better Economy Than He Left Behind
As Olivier noted in this space yesterday, Trump this week did acknowledge it may be “hard” to bring prices down, though he ...
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 ...
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 ...
Biden said Trump was ‘very complimentary’ about some of his economic policies in meeting
High prices were a top concern among voters in the 2024 presidential election – and they were a driving force as to why Donald Trump won.