WASHINGTON (AP) — Treasury Secretary Janet Yellen says fears that the administration’s $1.9 trillion relief bill could trigger a rapid rise in inflation are misplaced. In an interview on MSNBC on Monday, Yellen said the measure, which will provide $1,400 checks to millions of American along with other assistance, will provide needed relief and help the economy return to full employment by next year. Yellen downplayed concern by some economists that the measure could rev up the economy too fast and trigger higher inflation. She points out that unemployment hovered at a very low 3.5% rate before the pandemic and said there was no sign of rising inflation.
