Stimulus only 'small contributor' to inflation spike: Yellen

Stimulus only 'small contributor' to inflation spike: Yellen

By Excelsio Media on December 01, 2021 Also in economy, United States

President Joe Biden's $1.9 trillion stimulus package in March contributed to stronger demand but is only a small factor in current higher rates of inflation, U.S. Treasury Secretary Janet Yellen told lawmakers.

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