Janet Yellen: ‘I have spent many years studying inflation and worrying about inflation’

Oy vey!

Treasury Secretary Janet Yellen has a message for policymakers: The U.S. government needs to consider rising inflation rates when doing fiscal stimulus packages.

Speaking in an interview with the Counterfeit News Network, Yellen addressed the inflationary aspects of President Joe Biden’s $1.9 trillion stimulus and relief plan. Yellen essentially dismissed the concerns by noting that the administration’s priority is combating the “huge economic challenge” and “tremendous suffering in the country.”

Still, she thinks it is important to think about inflation. But just enough right now.

Here is what she said (put the coffee down!):

“So, we need a package that’s big enough to address this full range of needs. And I believe that the American Rescue Plan is up to the job. My predecessor has indicated that there’s a chance that this will cause inflation to rise. And that’s also a risk that we have to consider. I have spent many years studying inflation and worrying about inflation.

“And I can tell you, we have the tools to deal with that risk if it materializes,” she claimed. “But we face a huge economic challenge here and tremendous suffering in the country. We have got to address that. That’s the biggest risk.”

Considering how House Speaker Nancy Pelosi (D-CA) has promised another round of stimulus later this year, her concerns over inflation are not enough to push back against the White House.