Biden Administration to Monitor Inflation Risk

The Biden administration will be closely monitoring the small risk of a rise in inflation following the $1.9 trillion relief plan, said the Chairwoman of the White House Council of Economic Advisers, Cecilia Rouse, on Monday

“Any economic investment is going to have some risks,” Rouse told MSNBC.

“Yes, there is a small risk of inflation. We will be watching. We will be monitoring.”