Yellen Wanted Biden Relief Plan Cut by a Third, Biographer Says

Industry News

(Bloomberg) — Janet Yellen, worried by the specter of inflation, initially urged Biden administration officials to scale back the $1.9 trillion American Rescue Plan by a third, according to an advance copy of a biography on the Treasury secretary.“Privately, Yellen agreed with Summers that too much government money was flowing into the economy too quickly,”…

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