Treasury Secretary Janet Yellen acknowledged during a CNN interview on Sunday that rising inflation rates were a serious concern for the Biden administration as it considers a new pandemic relief package, though she stressed that the administration’s priority is addressing the current “huge economic challenge” and “tremendous suffering in the country.”
Yellen noted during her interview with CNN host Jake Tapper the various challenges that are currently facing the U.S. economy, including the number of people unemployed, schools being closed, small businesses that are closing, first responders that have lost their jobs, and people who do not have enough food to eat.
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