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Date
Summary
Janet Yellen: ‘We Have the Tools’ to Deal with Inflation If It Materializes
Source
CNN

Name: CNN

URL: http://www.cnn.com/

Show
State of the Union With Jake Tapper and Dana Bash

Name: State of the Union With Jake Tapper and Dana Bash

Persons
Jake Tapper

Name: Jake Tapper

Employment: CNN

Position: Anchor

, Janet Yellen

Name: Janet Yellen

Employment: U.S. Department of the Treasury

Position: Secretary of the Treasury

Event
Event location
Link
Uploaded
02/07/2021 10:06 am
Owner
Ante (staff)
Type
Video
Format
MP4 (720x400) Use clipper to adjust file type
Duration
0:03:45
Views
59
Purchases
1
Transcript
RUSH TRANSCRIPT The president ░░░░░░░░ Friday that the Republicans ░░░░░░░░ not willing to go ░░░░░░░░ far as I think ░░░░░░░░ have to go This ░░░░░░░░ on job recovery has ░░░░░░░░ but completely stalled and ░░░░░░░░ s not just those ░░░░░░░░ the other side of ░░░░░░░░ aisle from Biden however ░░░░░░░░ says there is some ░░░░░░░░ about the size of ░░░░░░░░ rescue plan and it ░░░░░░░░ just too big Secretary ░░░░░░░░ Yellen congratulations and thanks ░░░░░░░░ joining us President Biden ░░░░░░░░ Democrats are pushing forward ░░░░░░░░ this 1 9 trillion ░░░░░░░░ package but as you ░░░░░░░░ one of your predecessors ░░░░░░░░ Summers said it s ░░░░░░░░ too big It could ░░░░░░░░ to a rise in ░░░░░░░░ quote whereby the Obama ░░░░░░░░ was about half as ░░░░░░░░ as the output shortfall ░░░░░░░░ proposed Biden stimulus is ░░░░░░░░ times as large as ░░░░░░░░ projected shortfall I think ░░░░░░░░ risks here as Treasury ░░░░░░░░ I have to worry ░░░░░░░░ all the risks to ░░░░░░░░ economy and the most ░░░░░░░░ risk is that we ░░░░░░░░ workers and communities scarred ░░░░░░░░ the pandemic and the ░░░░░░░░ toll that it s ░░░░░░░░ that we don t ░░░░░░░░ enough to address the ░░░░░░░░ and the public health ░░░░░░░░ that we don t ░░░░░░░░ our kids back to ░░░░░░░░ We have 10 million ░░░░░░░░ who are unemployed and ░░░░░░░░ to 4 million who ░░░░░░░░ dropped out of the ░░░░░░░░ force particularly women who ░░░░░░░░ child care responsibilities We ░░░░░░░░ to reopen our schools ░░░░░░░░ sure that children aren ░░░░░░░░ falling behind provide help ░░░░░░░░ already have way too ░░░░░░░░ small businesses that are ░░░░░░░░ We need to provide ░░░░░░░░ to get them to ░░░░░░░░ other side and we ░░░░░░░░ already seen 1 3 ░░░░░░░░ state and local government ░░░░░░░░ first responders policemen firemen ░░░░░░░░ have lost their jobs ░░░░░░░░ we need to get ░░░░░░░░ back on the payroll ░░░░░░░░ people are on the ░░░░░░░░ of losing the roofs ░░░░░░░░ their heads The package ░░░░░░░░ rental assistance We have ░░░░░░░░ million adults and 12 ░░░░░░░░ children that are going ░░░░░░░░ every day and we ░░░░░░░░ to provide them with ░░░░░░░░ We have people suffering ░░░░░░░░ low wage workers and ░░░░░░░░ and through absolutely no ░░░░░░░░ of their own we ░░░░░░░░ to get them to ░░░░░░░░ other side and make ░░░░░░░░ this doesn t take ░░░░░░░░ permanent toll on their ░░░░░░░░ So we need a ░░░░░░░░ that s big enough ░░░░░░░░ address this full range ░░░░░░░░ needs And I believe ░░░░░░░░ the American risk you ░░░░░░░░ is up to the ░░░░░░░░ My predecessor has indicated ░░░░░░░░ is a chance that ░░░░░░░░ will cause inflation to ░░░░░░░░ and that s also ░░░░░░░░ risk that we have ░░░░░░░░ consider I ve spent ░░░░░░░░ years studying inflation and ░░░░░░░░ about inflation and I ░░░░░░░░ tell you we have ░░░░░░░░ tools to deal with ░░░░░░░░ risk if it materializes ░░░░░░░░ we face a huge ░░░░░░░░ challenge here and tremendous ░░░░░░░░ in the country We ░░░░░░░░ got to address that.
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