Prognosis
Biden’s $1.9 Trillion Pandemic-Relief Package Was Too Big, Senator Warner Says
- Virginia senator plays down impact of Covid aid on inflation
- Warner says Fed was too slow to react to rising prices
Senator Mark Warner
Photographer: Eric Lee/BloombergThis article is for subscribers only.
Democratic Senator Mark Warner said that, in retrospect, President Joe Biden’s $1.9 trillion pandemic relief package last year was too large, though he played down its influence in spurring US inflation.
“Was there too much in the American Rescue Plan on a relative basis? Absolutely,” Warner said on Bloomberg Television’s “Balance of Power with David Westin.”