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.”
The COVID-19 pandemic, it turned out, had almost as big a gastronomical effect on American society as government actions.
If these top officials had piped up sooner, one can imagine that America could have been spared the apologies.
Statistics show that there has been a significant increase in the level of outstanding consumer credit card balances. For a ...
The U.S. job market continued to show its strength in 2024 as the U.S. added 2.2 million jobs throughout the year.
Since the onset of the COVID-19 pandemic, Americans have received an unprecedented amount of financial relief from the ...
The Biden administration's spending on stimulus to keep the economy going during the COVID pandemic may have contributed "a little bit" to inflation, Treasury Secretary Janet Yellen said in an ...
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