GOP lawmaker wants Yellen to admit ‘mea culpa’
Rep. David Kustoff, R-Tenn., calls out Treasury Secretary Janet Yellen for supporting big spending and creating ‘tremendous inflationary pressures.’
Rep. David Kustoff, R-Tenn., is among one of the lawmakers planning to question Treasury Secretary and former Federal Reserve chair Janet Yellen in front of the House Financial Services Committee on Wednesday. The lawmaker said he hopes to hear Yellen acknowledge her error in advocating for big spending programs, which Kustoff believes has worsened inflation, on "Mornings with Maria" Tuesday.
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REP. DAVID KUSTOFF: I'd like to hear a mea culpa. She advocated for these big spending programs like the American Rescue Plan and the infrastructure bill that was passed in November. We know that that has pumped literally trillions of dollars into the economy, and you don't have to be an economist to know that when the federal government prints that much money and flushes it into the system, that has tremendous inflationary pressures.