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Yellen downplays inflation fears amid Biden's $1.9T stimulus bill
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Treasury Secretary Janet Yellen downplayed fears of inflation as the Biden administration pushes a $1.9 trillion coronavirus stimulus package.
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"As treasury secretary, I have to worry about all of the risks to the economy, and the most important risk is that we leave workers and communities scarred by the pandemic and the economic toll that it's taken, that we don't do enough to address the pandemic," Yellen told CNN's "State of the Union" on Sunday.
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"I've spent many years studying inflation and worrying about inflation, and I can tell you, we have the tools to deal with that risk if it materializes," she continued. "But we face a huge economic challenge here and tremendous suffering in the country. We've got to address that. That's the biggest risk."