WASHINGTON — Secretary of the Treasury Janet Yellen denies that she tried to downsize the $1.9 trillion rescue package Democrats passed in early 2021, defending the law now at the heart of debate over the causes of high inflation Currently.
Yellen’s statement on Saturday came after Bloomberg News reported that an upcoming biography of Yellen said she had sought to reduce the amount spent in the law. In her book, “Empathy Economics,” author Owen Ullmann writes that Yellen harbored concerns that a $1.9 trillion package could spur inflation, rather than prefer a single $1 billion bill. $.3 trillion, according to excerpts of the pre-published version of the book seen by the Wall Street Journal.
https://www.wsj.com/articles/yellen-says-she-never-urged-smaller-rescue-package-over-inflation-concerns-11654386621?mod=pls_whats_news_us_business_f Yellen Says She Never Urged Smaller Rescue Package Over Inflation Concerns