Senate Minority Leader Mitch McConnell, R-Ky., speaks to reporters following a GOP strategy meeting, at the Capitol in Washington, Tuesday, Nov. 16, 2021. (AP Photo/J. Scott Applewhite)

Sen. McConnell: Economist warn BBB will increase inflation into 2022

Senate Minority Leader Mitch McConnell (R-Ky.) sounded the alarm on the long term consequences of Democrats’ Build Back Better agenda. On Tuesday, The Kentucky lawmaker said economists are pointing to Joe Biden’s March COVID-19 relief bill for the current levels of inflation, adding they also predict his newest spending bill will only make it worse.

Treasury Secretary Janet Yellen listens as President Joe Biden speaks during a meeting with business leaders about the debt limit in the South Court Auditorium on the White House campus, Wednesday, Oct. 6, 2021, in Washington. The Treasury Department said Wednesday it plans to start scaling back the size of some of its government debt auctions, a sign that the government’s huge pandemic-driven borrowing needs are starting to ease. (AP Photo/Evan Vucci)

Treasury Secy. Yellen: COVID-19 to blame for rampant inflation

Treasury Secretary Janet Yellen is blaming the rapid inflation seen in the U.S. economy solely on the COVID-19 pandemic. During an interview Sunday, the 75-year-old said if the country wants to see inflation go down it will all depend on how Joe Biden and his administration continues to deal with the pandemic.