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Inflation Hawks Critique Biden s $1.9 Tn Spending Plan By Chris STEIN, Delphine TOUITOU 02/08/21 AT 3:56 PM President Joe Biden s $1.9 trillion proposal aimed at revitalizing the US economy has drawn skepticism from some economists, including a former Treasury secretary who is also a member of his Democratic Party. Larry Summers s warning last week that the plan could cause inflation to rise and crowd out other investment priorities has sparked a debate over whether Biden s proposal is excessive, even for an economy that has sustained massive damage during the pandemic. Here is a look at the debate over whether the spending package would cause an inflation uptick in the United States:

United statesBarack obama whiteJanet yellenJonathan millarGregory dacoOlivier blanchardJoe bidenBill clintonUs labor department consumer price indexWashington postDemocratic partyUs economic research at barclays investment bankFederal reservePresident joe bidenLarry summersBarack obama