Elizabeth Warren rejects runaway inflation fears: ‘It just hasn’t happened’

Massachusetts senator Elizabeth Warren gives her take on rising commodity prices and the recent warnings of high inflation in the U.S.

Video Transcript

ELIZABETH WARREN: Look, every time we talk about-- Democrats talk about making investments in the economy, a bunch of Republicans and Larry Summers stand up and say, oh, inflation.

Now, notice that they don't talk about it when they make tax cuts. They just talk about it in the context of the kind of investments that Democrats want to make.

If inflation moves, we have a lot of tools to deal with it. Secretary Yellen is fully prepared in the Treasury Department. The Fed is fully prepared. We we've got a lot of ways to deal with inflation.

I just, right now, keep remembering how many times there have been a prediction that we're on the verge of inflation, and it just hasn't happened, hasn't happened, hasn't happened.