“We need a big package, and we need to get this done quickly," Yellen said Sunday on CNN’s “State of the Union." Without adequate support, it could take until 2025 for the US labor market to recover, Yellen said. There’s “no reason why we should suffer a long, slow recovery," she said. Yellen acknowledged that some have warned of inflation risks from Biden’s plan, in which is moving ahead in Congress without support from Republicans. “As Treasury secretary I have to worry about all of the risks to the economy," Yellen said.

Source: Mint February 07, 2021 14:37 UTC