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White House eyeing possible small risk of inflation amid COVID stimulus, Rouse says

Published 03/15/2021, 12:27 PM
Updated 03/15/2021, 12:30 PM
© Reuters. Cecilia Rouse arrives to be sworn in as the new chair of the Council of Economic Advisers by U.S. Vice President Harris at the White House in Washington

WASHINGTON (Reuters) - There is a small risk of inflation following the $1.9 trillion COVID-19 stimulus plan, but the Biden administration will closely monitor the situation, White House Council of Economic Advisers Chairwoman Cecilia Rouse said on Monday.

"Any economic investment is going to have some risks," she told MSNBC, adding that the larger risk is not doing enough to help the economy. "Yes, there is a small risk of inflation. We will be watching. We will be monitoring."

Latest comments

Inflation: the silent tax.
It is not a risk.  Inflation is here.
Brace for impact!
Biden has not yet done a Press Conference.
The secretive administration whose leader doesn't press conferences where reporters can openly ask questions.
This translates to big risk for inflation and they know it. Inflation is a sneaky way of taxation.
More of a sneaky way of balancing the scales. Please keep handing out free money, after the dust settles on the welfare, inflation will make everything cost about the same in retrospect.
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