Sec. Janet Yellen Promises $2.8 Trillion in Spending Proposals Will ‘Push Inflation Down’

‘I don’t think that these investments will drive up inflation at all’

EXCERPT:
YELLEN: “I don’t think that these investments will drive up inflation at all. It will boost the economy’s potential to grow, the economy’s supply potential, which tends to push inflation down, not up. For many American families experiencing inflation, seeing the prices of gas and other things that they buy rise, what this package will do is lower some of the most important costs, what they pay for health care, for child care. It’s anti-inflationary in that sense as well.”

(Via Mediaite)

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