Biden economists defend pandemic response despite inflation, warn about future crises

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Biden economists defend pandemic response despite inflation, warn about future crises

^{Published on 2025-01-10 14:40:39 - MSN}

Top Biden economists shared a lesson for the Trump administration and beyond on Friday: Whenever the next crisis arrives, the government should not hold back in its response efforts. Why it matters: The Biden pandemic bill has been criticized for its size and the role it might have played in the inflation crisis that contributed to the administration's election loss.

The article from MSN discusses how President Joe Biden's economic advisors, including Janet Yellen and Jared Bernstein, have defended the administration's response to the economic challenges posed by the global health crisis. They argue that the measures taken, such as stimulus packages, were necessary to prevent a deeper economic downturn and have contributed to a robust recovery. Despite these claims, critics point to the current high inflation rates as a negative consequence of these policies. Yellen acknowledged that inflation has been higher than anticipated but emphasized that the administration's actions were crucial in averting a more severe economic crisis. The economists also warned about the potential for future economic disruptions, suggesting that proactive measures and policy adjustments might be necessary to address upcoming challenges.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/biden-economists-defend-pandemic-response-despite-inflation-warn-about-future-crises/ar-BB1rf7lU ]

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