COVID Stimulus May Have Contributed to Inflation

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.
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.
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.”
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.”
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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The COVID-19 pandemic, it turned out, had almost as big a gastronomical effect on American society as government actions.
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US employers added 2.2 million jobs in 2024, data reveals
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