U.S. Treasury Secretary Janet Yellen on Sunday tamped down concerns that President Joe Biden’s plans for infrastructure, jobs and families will cause inflation, saying the spending will be phased in over a decade. “It’s spread out quite evenly over eight to 10 years,” Yellen, former Federal Reserve chair, said in an interview with NBC’s “Meet the Press.” She said the Federal Reserve will monitor inflation carefully and has the tools to address it if necessary. “I don’t believe that inflation will be an issue but if it becomes an issue, we have tools to address it. These are historic investments that we need to make our economy productive and fair.” Biden’s plans are paid for by a series of tax increases on the wealthiest Americans, less than 1% of the population, and on raising corporate taxes. Some Democrats have expressed concerns that the tax increases would slow economic growth. Yellen would not speculate on whether Biden would accept a bill from Congress that does not include a way to pay for the spending increases in his plans. “He has made clear that he believes that permanent increase in spending should be paid for and I agree,” she said. Nick Note: we are in a reflation nothing more. AND they are still pumping money at the fed with zero rates and 100 billion a month in bond buying. And treasury and the Biden administration is pushing for more stimuli called “public works” which really is little more then socialism, social engineering and the greeennnieewinnniee global warming insanity disguised as stimulus… It will not get very far. The party will be over come mid term elections a little over a year away. People will soon tire of all this shit as the cost of green energy hits their pocketbooks and their electric car has to constantly get towed to a charge station.