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Yellen Says Low Risk Of Inflation From Stimulus Checks

The treasury secretary said there could be a temporary increase in prices, but the unemployment numbers are more concerning.

Yellen Says Low Risk Of Inflation From Stimulus Checks
Andrew Harnik
SMS

There are some concerns the latest stimulus payments could cause inflation.

Treasury Secretary Janet Yellen said there could be a temporary increase in prices, but the unemployment numbers are more concerning.

"People being out of work, not able to find jobs can have a permanent effect on their wellbeing. I think that's the most significant risk," said Yellen. "Is there a risk of inflation? I think there's a small risk, and I think it's manageable."

Yellen said long term the administration will need to find ways to make sure the budget is on a sustainable path and to keep deficits under control.