The 1.9-trillion dollars package should facilitate recovery in terms of getting back "to full employment" in 2022, Yellen said to ABC News, restating that the "inflation risk" is small, and "manageable."
US President Joe Biden has signed the bill into law earlier this week after the legislation was passed by both Congressional chambers.
United States Treasury yields rose on Friday after President Joe Biden signed the $1.9 trillion economic stimulus package into law. In addition, he revealed that he will instruct states to make all US adults eligible for inoculation against Covid-19 by May 1 and those small gatherings may be allowed for Independence Day, July 4.