High Inflation ‘Not All on Biden,’ as Trillions in Fed Stimulus Partly to Blame: Rattner

High Inflation ‘Not All on Biden,’ as Trillions in Fed Stimulus Partly to Blame: Rattner
Wall Street financier Steven Rattner attends an event in New York City, on Nov. 18, 2009. Neilson Barnard/Getty Images for Fortune Magazine
Katabella Roberts
Updated:
0:00

A former Obama administration adviser said on Thursday that soaring inflation is in part due to continued public spending of large amounts of COVID-19 stimulus, stating that the Biden administration is not entirely to blame.

Steven Rattner, who served as an adviser to the Secretary of the Treasury under the Obama administration made the comments during an interview on MSNBC’s “Morning Joe,” where he also said he expects interest rates to remain high “for the foreseeable future.”
Katabella Roberts
Katabella Roberts
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Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
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