Yellen Says Biden's Spending Bill Will Be Anti-Inflationary, Stands By 'Transitory' Inflation Narrative

Treasury Secretary Janet Yellen said Friday said she continues to see inflation as a temporary supply side-driven phenomenon that will normalize next year, and that President Joe Biden's big spending package will actually have an anti-inflationary effect by smoothing some supply-side dislocations and footing the bill for some costs facing American families.

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