Economists Divided Over Inflation Risks From Stimulus Plan

Economists Divided Over Inflation Risks From Stimulus Plan
Secretary of the Treasury Janet Yellen looks on as President Joe Biden and Vice President Kamala Harris meet with business leaders about the critical need for the American Rescue Plan at the White House on Feb. 9, 2021. Pete Marovich/Pool/Getty Images
Emel Akan
Updated:

WASHINGTON—The prospects for another large COVID-19 stimulus package have reignited fears about inflation, causing a deep division among economists. While some forecasters believe that the stimulus plan pushed by Democrats threatens future inflation, others shrug off the concerns, saying inflation worries are overstated.

Democratic economist Larry Summers in an op-ed in The Washington Post raised concerns about President Joe Biden’s $1.9 trillion relief plan.
Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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