Transcripts for CNN Erin Burnett OutFront 20220211 00:04:00

CNN Erin Burnett OutFront February 11, 2022 00:04:00

back better plan. his solution to try to breathe new life into the spending bill. which would all in pump nearly $2 trillion into the economy. but what president biden sees as an inflation antidote others see as an inflation acceleratant. here is democratic senator joe manchin. >> this is not a time to be throwing fuel on the 5:30. we have an inflation -- we have inflation. and we have basically an economy that's on fire. you don't throw more fuel on the fire that's already on fire causing the problems that we have. >> okay, biden wants to spend more and manchin, a required vote for any such spending, that's a hard no. make no mistake, this is a four alarm inflation fire right now. the president of the stlaugs federal reserve with crucial vote in terms ever are raising interest rates. told bloomberg i was already more hawkish but pulled up dramatically what i think the committee should do. and this is a really important thing to keep in mind. if inflation tapers off this

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