The US House plans to pass USD 1.9 trillion Coronavirus Relief Bill this week -- does this indicate a liquidity surge?
The US Treasury Secretary Janet Yellen says fears that the administration's $1.9 trillion relief bill could trigger a rapid rise in inflation are misplaced.
The house is expected to give its final approval early this week and then it heads to US President Biden for his signature. The timing of its passage is crucial — most notably because some pandemic unemployment benefits will be coming to an end on Sunday.
Prashant Nair explains the stimulus and its implications in detail.
For more, watch the video