Rep. Ro Khanna (D-CA) recently discussed the potential link between government spending on COVID-19 response and the subsequent inflation.
What happened
On a Fox News Channel broadcast, Khanna mentioned that the large-scale government spending, totaling $5 trillion, under both the Trump and Biden administrations may have contributed to the inflation uptick. He noted that while the US experienced the best recovery among nations, this spending could be argued as excessive.
Khanna's comments came in response to a question about explaining inflation during the Biden administration. He attributed the inflation to the government's COVID-19 response, which involved significant spending. Khanna also acknowledged that inflation began to decrease, reaching around 3% at one point.
