White House eyeing possible small risk of inflation amid COVID stimulus, Rouse says

March 15, 2021 12:25 PM EDT

FILE PHOTO: Cecilia Rouse arrives to be sworn in as the new chair of the Council of Economic Advisers by U.S. Vice President Kamala Harris in the Eisenhower Executive Office Building at the White House in Washington, U.S., March 12, 2021. REUTERS/Erin Sco

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

WASHINGTON (Reuters) - There is a small risk of inflation following the $1.9 trillion COVID-19 stimulus plan, but the Biden administration will closely monitor the situation, White House Council of Economic Advisers Chairwoman Cecilia Rouse said on Monday.

"Any economic investment is going to have some risks," she told MSNBC, adding that the larger risk is not doing enough to help the economy. "Yes, there is a small risk of inflation. We will be watching. We will be monitoring."

(Reporting by Susan Heavey; Editing by Doina Chiacu)

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories