Keeping Focus on Fighting Inflation, Sinema & Treasury Secretary Discuss Arizona’s Economy

May 11, 2022

Senator questioned Treasury Secretary on current reports of potential improved economic conditions, getting inflation under control, and addressing supply chain challenges

WASHINGTON – Arizona senior Senator Kyrsten Sinema questioned U.S. Treasury Secretary Janet Yellen on inflation, supply chain challenges, and new reports of potential improvement of economic conditions during a Senate Banking Committee hearing.
“Arizonans continue to be concerned about inflation and rising prices. Both parties need to work together to address supply chain bottlenecks, reduce costs for families, and fight inflation – just like we worked together to pass the Bipartisan Infrastructure Law,” said Sinema, a member of the Banking and Commerce Committees.
The Senator underscored the concerns of Arizonans struggling with the high prices of gas and groceries, along with supply chain challenges impacting Arizona businesses. Sinema further asked about new, adjusted economic forecasts from leading market analysts, like Goldman Sachs, who recently revised their inflation projections downward – a potential indication that economic conditions may be improving and inflation may be cooling off.
Sinema’s bipartisan Infrastructure Investment and Jobs law – as well as her bipartisan CHIPS Act, which fueled Intel’s $20 billion expansion in Arizona and created thousands of jobs in Arizona – will help address the strained supply chain bottlenecks across the country and reduce prices of goods.