Biden Admin Takes Inflationary Concerns Seriously: Psaki

May 4, 2021, 5:21 PM

President Biden agrees with Treasury Secretary Janet Yellen, White House Press Secretary Jen Psaki says at a briefing when asked about Yellen’s comments that rates may need to rise.

  • Psaki says the Biden administration takes “inflationary risk incredibly seriously”
  • Yellen certainly understands the independence of the Federal Reserve: Psaki
  • NOTE: Yellen Says Spending May Spur ‘Modest’ Interest-Rate Rises

To contact the reporters on this story:
Megan Howard in Washington at mhoward70@bloomberg.net;
Josh Wingrove in Washington at jwingrove4@bloomberg.net

To contact the editor responsible for this story:
Kasia Klimasinska at kklimasinska@bloomberg.net

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