Khanna: Inflation Reduction Act Is Deflationary 'Over the Long Run,' 'Not Going to Say That It's Going to Lower Inflation Right Away'

On Wednesday's broadcast of CNBC's "Squawk Box," Rep. Ro Khanna (D-CA) stated that the inflation Reduction Act reconciliation bill will be deflationary "Over the long run," and said, "I'm not going to say that it's going to lower inflation right away."