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Reading: Yellen Defends Spending Plans Amid Growing Angst Over Higher Inflation
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The Wall Street Publication > Blog > Business > Yellen Defends Spending Plans Amid Growing Angst Over Higher Inflation
Business

Yellen Defends Spending Plans Amid Growing Angst Over Higher Inflation

Editorial Board Published December 1, 2021
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Yellen Defends Spending Plans Amid Growing Angst Over Higher Inflation
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Treasury Secretary Janet Yellen on Wednesday defended Democrats’ efforts to pass a roughly $2 trillion social-spending package, amid Republicans’ criticisms that fiscal policy implemented earlier this year overstimulated the economy and fueled higher inflation.

“We had a very sizable fiscal stimulus,” Ms. Yellen told the House Financial Services Committee. “We addressed what was a very substantial risk” of a prolonged economic downturn, she said.

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