Factchecker says Psaki claim 'no economist' thinks Build Back Better will cause inflation is 'false'

Psaki's first ever briefing room fact-check from the famed PolitiFact
Image
White House Press Secretary Jen Psaki speaks to reporters during the daily press briefing at the White House on August 27, 2021 in Washington, DC.
Jen Psaki
Getty Images

White House press secretary Jen Psaki has been flagged for the first time by PolitiFact for her claim that "no economist out there is projecting" that the president's $1.75 trillion Build Back Better bill "will have a negative impact on inflation."

"Is it really true that there's not a single economist who thinks the bill will boost inflation? No. Many economists have stated for the record that they think the inflationary impact of the bill will be small and brief," reads the analysis, which also states many economists expect a slightly higher inflationary impact.

"Numerous economists, including some allies of the White House, have gone on the record saying there probably will be inflationary effects, especially in the near term, if the bill is passed," the article goes on to say. Though, several of those voices believe the  inflationary impact will be "modest and brief."

The fact-checking website rated the Psaki statement "false," and said, "She's wrong."

The report cites several right-leaning economists who believe passage of the bill will cause inflation, in addition to several left-leaning economists (including former Obama economic adviser Larry Summers), who generally support the administration and its agenda, but have gone on the record to say the believe the package will cause, at least short term, inflation.