WASHINGTON (Reuters) – There is a small risk of inflation following the $1.9 trillion COVID-19 stimulus plan, but the Biden administration will closely monitor the situation, White House Council of Economic Advisers Chairwoman Cecilia Rouse said on Monday.
“Any economic investment is going to have some risks,” she told MSNBC, adding that the larger risk is not doing enough to help the economy. “Yes, there is a small risk of inflation. We will be watching. We will be monitoring.”
(Reporting by Susan Heavey; Editing by Doina Chiacu)