Economic experts have largely dismissed worries that Democrats’ massive $1.9 trillion coronavirus relief package could trigger severe inflation.
The Organization for Economic Cooperation and Development released its revised economic forecast Tuesday, projecting the U.S. economy to surge 6.5% this year in large part due to the trillion-dollar stimulus package. The OECD, along with prominent economists like former National Economic Council director Larry Summers, warned that such spending could cause significant “inflationary pressures.”
The Daily Caller was founded in 2010 by Tucker Carlson, a 20-year veteran journalist, and Neil Patel, former chief policy advisor to Vice President Cheney, The Daily Caller is one of America’s largest and fastest-growing news publications. Our team of experienced, full-time reporters and editors works around the clock to deliver award-winning original reporting, in-depth investigations, entertainment, thought-provoking commentary and up-to-the-second breaking news. Visit https://dailycaller.com