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Howard Lutnick: “Inflation comes from the American rescue plan, which was…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Howard Lutnick on CNBC - Donald Trump Transition and Policy

Published | Video Starts at 04:03

The only tool that you really have to break inflation is to bring that. You have to stop printing money. God knows you have to stop printing money because we all know where inflation comes from, Right? Inflation comes from the American rescue plan, which was passed in 2021, which created $2 trillion of new cash being produced. Right. That came into the economy. Everyone said it's going to create inflation. It created inflation in the middle of 2022. Okay, so we all know where inflation came from. (04:03–04:15)

CLAIM

Asserts that the American Rescue Plan of 2021 caused inflation by creating $2 trillion of new cash.

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