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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.

Fast Company · 1d

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.

New York Post on MSN · 2d

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.”

New York Sun · 1d

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.”

Seeking Alpha on MSN · 1d

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.

14hon MSN

Inflation wasn’t the only lasting effect from COVID-19 pandemic

Many would rather forget the COVID-19 pandemic that descended upon the United States and the world nearly five years ago.

WKBN Youngstown on MSN1h

Rising cost of eggs affecting many local businesses

Eggs are a staple in the kitchens of just about every bakery and restaurant, especially those serving breakfast.

The Canadian Press on MSN3h

Surging job market could prove costly for households, businesses as odds of quick rate cuts fade

U.S. job growth surged and unemployment fell last month, an unexpected show of strength that may prove costly to homebuyers ...

Ms. Yellen’s and Other, Regrets

If these top officials had piped up sooner, one can imagine that America could have been spared the apologies.

2h

The Lock-In Effect Is Real: More Than 80% of Mortgages Have a Sub-6% Rate—and These Homeowners Aren’t Selling Anytime Soon

New York City school teacher Joann Mariani had no idea how extraordinary her timing was when she was shopping for a home in ...

1d

The Savings Game: Inflation’s negative impact on credit scores

Statistics show that there has been a significant increase in the level of outstanding consumer credit card balances. For a ...

WCPO Cincinnati7h

US employers added 2.2 million jobs in 2024, data reveals

The U.S. job market continued to show its strength in 2024 as the U.S. added 2.2 million jobs throughout the year.

8hon MSN

Biden's Final Labor Numbers: Lowest Unemployment Since Clinton—Marred By Inflation

Biden will depart office with the lowest end-of-term unemployment since Bill Clinton, but high inflation and the COVID-19 ...

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