{"id":120376,"date":"2021-02-07T09:46:20","date_gmt":"2021-02-07T14:46:20","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=120376"},"modified":"2021-02-07T16:58:13","modified_gmt":"2021-02-07T21:58:13","slug":"secy-yellen-dismissed-concerns-of-double-digit-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/secy-yellen-dismissed-concerns-of-double-digit-inflation\/","title":{"rendered":"Secy. Yellen dismissed concerns of double-digit inflation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsecy-yellen-dismissed-concerns-of-double-digit-inflation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=120376&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2367599\" style=\"width: 665px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-2367599\" loading=\"lazy\" class=\"size-large wp-image-2367599\" src=\"https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/02\/GettyImages-495620136-655x437.jpg\" alt width=\"655\" height=\"437\" \/><\/p>\n<p id=\"caption-attachment-2367599\" class=\"wp-caption-text\">WASHINGTON, DC \u2013 NOVEMBER 04: Janet Yellen testified before the House Finance Committee in the Rayburn House Office Building November 4, 2015 in Washington, DC. (Photo by Chip Somodevilla\/Getty Images)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>\nUPDATED 1:50 PM PT \u2013 Sunday, February 7, 2021<\/h5>\n<p>In an interview on Sunday, Treasury Secretary Janet Yellen dismissed the warnings that U.S. inflation could spike out of control if Joe Biden\u2019s $1.9 trillion stimulus bill goes into effect.<\/p>\n<p>This came after economists pointed out a broad fiscal stimulus combined with the federal reserve\u2019s ultra-low interest rates may lead to asset bubbles and double-digit inflation.<\/p>\n<p>Yellen claimed the benefits of short-term relief outweighed the long-term structural risks to economic stability.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The President is absolutely right: The benefits of acting now \u2014 and acting big \u2014 will far outweigh the costs in the long run. <a href=\"https:\/\/t.co\/0EX2grKELw\">https:\/\/t.co\/0EX2grKELw<\/a><\/p>\n<p>\u2014 Janet Yellen (@JanetYellen) <a href=\"https:\/\/twitter.com\/JanetYellen\/status\/1355885276816683011?ref_src=twsrc%5Etfw\">January 31, 2021<\/a><\/p>\n<\/blockquote>\n<p>\u201cMy predecessor, you know, has indicated that there\u2019s a chance this will cause inflation to rise, and that\u2019s also a risk we have to consider,\u201d Yellen stated. \u201cI\u2019ve spent many years studying inflation and worrying about inflation, and I can tell you we have the tools to face that risk if it materializes.\u201d<\/p>\n<p>Yellen also said the Biden Cabinet is planning to enforce the stimulus package regardless of inflation risks or the opposition by Republicans.<\/p>\n<h4>MORE NEWS: <a href=\"https:\/\/www.oann.com\/gop-sen-wicker-blasts-second-impeachment-trial\/\">GOP Sen. Wicker Blasts Second Impeachment Trial<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON, DC \u2013 NOVEMBER 04: Janet Yellen testified before &#8230;<\/p>\n","protected":false},"author":1,"featured_media":1892837,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[5241,4928,5705,5708,5284,5286],"class_list":["post-120376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-concerns","tag-dismissed","tag-double-digit","tag-inflation","tag-secy","tag-yellen"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/120376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=120376"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/120376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1892837"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=120376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=120376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=120376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}