Sky-High Inflation Is the Price of ‘Too Much Stimulus’: Obama-Era Economic Adviser

Sky-High Inflation Is the Price of ‘Too Much Stimulus’: Obama-Era Economic Adviser
Wall Street financier Steven Rattner, who would later serve as head of the Auto Industry Task Force under former President Barack Obama, attends an event in New York City, on Nov. 18, 2009. Neilson Barnard/Getty Images for Fortune Magazine
Tom Ozimek
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Steven Rattner, who served as an adviser to the Treasury Secretary under the Obama administration, told CNBC in a recent interview that “too much stimulus” by the government and the Federal Reserve is to blame for soaring inflation.

Rattner, who made the remarks during a Sept. 14 broadcast of MSNBC’s “Morning Joe” program, said that Americans are now “paying the price” after the government “went too far in trying to mute the effects of the pandemic” and the Fed set its monetary dials to ultra-loose.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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