The director of the National Economic Council on Sunday dismissed warnings that President Biden’s “Build Back Better” bill will increase inflation.

Brian Deese, the president’s top economic adviser, said ratings agencies have said the $1.75 trillion plan will not add to inflationary pressure.  

“There is no question inflation is high and it’s affecting American consumers and it is affecting their outlook, but that is actually why we need to move on this Build Back Better bill right now,” Mr. Deese said on “Fox News Sunday.” “Experts across the board have looked at it and concluded that it won’t increase inflation because it is paid for. When you pay for investments you don’t actually add aggregate demand to the…

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