Watch CBS News

Fed Chair says federal budget needs "return to a sustainable path," but "the time is not now."

Name: Fed Chair says federal budget needs "return to a sustainable path," but "the time is not now."
Uploaded: 2021-04-11T13:50:00-0400
Duration: 1 min 57 s
Description: When asked if continued spending on infrastructure and COVID-19 relief could set off inflation, Jerome Powell said he doesn't "see that now" and the economy needs to fully recover before spending levels "return to a sustainable path."

When asked if continued spending on infrastructure and COVID-19 relief could set off inflation, Jerome Powell said he doesn't "see that now" and the economy needs to fully recover before spending levels "return to a sustainable path."