US treasury secretary Janet Yellen said the US could reach full employment next year if Congress passes Joe Biden’s $1.9tn stimulus package.
Yellen cited a forecast by the Congressional Budget Office that predicted that without additional stimulus the unemployment rate would remain elevated for several years.
The former Federal Reserve chair also responded to criticisms that the hefty stimulus package would trigger inflation, arguing that the biggest risk to the economy was not doing enough to help the unemployed.
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