Treasury Secretary Janet Yellen told CNBC on Friday that the administration’s infrastructure spending proposal will lower inflation at a time when it is increasing rapidly.
Speaking from Rome, she insisted that “what this package will do is lower some of the most important costs, what they pay for health care, for child care. It’s anti-inflationary in that sense as well.”
Her remarks come with growth slowing and inflation rising, both due in large part to major supply chain issues that she expects to be resolved.
