White House Press Secretary Jen Psaki rejected an NBC reporter's line of questioning on Monday about Americans’ economic concerns by arguing "no economist" is projecting higher inflation.
"Americans are seeing their dollars, their paychecks stretched right now," NBC's Peter Alexander said at Monday's White House press briefing. "Why should Americans not be concerned that injected another $1.57 trillion or more would raise inflation?"
"Because no economist out there is projecting that," Psaki replied.
Her remark was despite several analysts, including former Obama economic adviser Larry Summers, saying recently on CNN, "We're going to see inflation of a kind we haven't seen in 30 years."
"The math suggests we're probably going to see somewhat higher readings over the next few months before they likely start to taper off," Minneapolis Federal Reserve Bank President Neel Kashkar similarly said on CBS' "Face the Nation" on Sunday.
Observers accused Psaki of spinning the dicey economic situation.
"There are too many economists to count who say trillions in new spending will only raise inflation further," Fox News contributor Joe Concha tweeted. "These PsakiBombs are beyond comical at this point."
President Joe Biden has said that his nearly $2 trillion-Build Back Better plan will help to stem the rise of inflation. But Republicans predict it will only exacerbate the crisis.