Fmr. Obama Counselor Rattner: Post-War Price Hikes Wouldn't Be as Bad If We Didn't Already Have Some Inflation Due to Stimulus Checks

On Wednesday's broadcast of MSNBC's "Morning Joe," MSNBC Economic Analyst Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, said the Biden administration deserves some blame for inflation because they "sent out a whole bunch of stimulus checks" even though people knew more stimulus checks were "pretty much the last thing the economy needed" and that while the war in Ukraine has added to inflation, "It would have been better if we hadn't already started some inflation going."