White House maintains that Biden's $4.5 trillion infrastructure bills won't cause inflation to jump

White House maintains that Biden's $4.5 trillion infrastructure bills won't cause inflation to jump


White House press secretary Jen Psaki told reporters Thursday that the White House is “vigilant” in monitoring inflation signals but maintained that President Joe Biden’s infrastructure proposals will help reduce rising prices.

WHITE HOUSE QUIETLY SIGNALS THAT CURRENT INFLATIONARY RUN COULD LAST YEARS

Psaki, asked about comments made by Federal Reserve Board Chairman Jerome Powell, mentioned that “experts believe” that “most of the price increases are expected to be temporary through the consequences of restarting an economy shut down during the pandemic.”

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“I want to be clear,” she added, “we understand the threat that input inflation poses. We will be vigilant as responses are needed or needed as it relates to legislation we’re continuing to advocate for.”

The top White House spokesperson claimed that “the way to keep prices in our economy down is to increase the supply of goods that consumers want to buy and keep the costs of producing and getting them to market lower.”

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