Treasury’s Yellen, After Years of Denials, Confesses That Biden’s Covid Relief Package Contributed to Inflation

Only by a ‘little bit,’ the outgoing economist insists, arguing that the spending was ‘really important.’

AP/Mariam Zuhaib
Secretary Yellen at the Senate finance committee on March 21, 2024. AP/Mariam Zuhaib

Treasury Secretary Yellen, after years of denying or ducking the issue, is conceding that President Biden’s Covid-19 stimulus package contributed to the soaring prices of the past four years but insists its impact was minimal.

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