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Yellen denies urging Biden to scale back stimulus over inflation fears

Yellen denies urging Biden to scale back stimulus over inflation fears

Janet Yellen has denied claims she wanted US President Joe Biden to scale back the size of his $1.9bn Covid stimulus package last year over fears it could stoke inflation.

The US Treasury secretary issued a statement on Saturday rebutting claims made in a forthcoming book that she initially wanted to trim the bill by a third.

The book threatens to give ammunition to Biden’s critics, who accuse him of having helped unleash the highest…


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