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Biden adviser: U.S. still would face ‘record high inflation’ if there hadn’t been a $2 trillion spending package — and there would be ‘much higher unemployment’

By: MarketWatch

June 02, 2022 at 13:03 PM EDT

Bharat Ramamurti, an economic adviser to President Biden, defends 2021's big COVID-19 aid package, while Republicans charge it has contributed to high prices.

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Biden adviser: U.S. still would face ‘record high inflation’ if there hadn’t been a $2 trillion spending package — and there would be ‘much higher unemployment’