Sen. Elizabeth Warren, D-Mass., claimed on Thursday that there is 'no evidence' that forgiving $50,000 of student loan debt would contribute to inflation.
Sen. Elizabeth Warren, D-Mass., insisted on CNN that there is "no evidence" that forgiving student loan debts would exacerbate inflation.While appearing on CNN’s"New Day" on Thursday, Sen. Elizabeth Warren, D-Mass., once again called for the cancellation of student loan debt in the wake of record-level inflation.debt nationwide, reaffirmed her support for President Biden to cancel up to $50,000 worth of loans.
Sen. Elizabeth Warren, D-Mass., speaks during a protest outside of the U.S. Supreme Court Tuesday, May 3, 2022 in Washington. ECONOMIC EXPERT ARGUES FED IS RESPONSIBLE FOR CURBING INFLATION: ‘THEY NEED TO GET THEIR ACT TOGETHER’"So, keep in mind that even conservative economists say, ‘No, maybe, maybe it could be about .2 of 1 percent effect on inflation.’ There is just no evidence that canceling student loan debt contributes to inflation," Warren said.
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