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Citation From the March 3, 2021, edition of CNN Newsroom with Poppy Harlow and Jim Sciutto

JIM SCIUTTO (ANCHOR): So first, let's look at numbers today. Listen, it's good news. It's higher than expected, and I'm not saying it solves all of the employment problems out there, but you have Republicans united and even a couple of Democrats who look to trim the full scale of the $1.9 trillion COVID relief package. What do you say to folks who say, “Listen, things are getting better, this is too much money to spend right now?”

HEATHER BOUSHEY (WHITE HOUSE COUNCIL OF ECONOMIC ADVISERS): Well, you know, so it is good news today that a lot of folks got a job, but we continue to see that we are down more jobs than in the darkest days of the Great Recession. So about 9.5 million jobs lower than where we were at this time last year, and that’s greater than the 8.7 million jobs we lost during the Great Recession during its darkest moments. So we remain in an economy that is still in trouble in terms of the labor market, so we're not out of the woods yet. 

SCIUTTO: You have Wall Street already worried about the danger of inflation, you see some of that in the bond markets, et cetera. Regardless, that is something to think about later in the year. What do you do if you find yourself after spending all of this money, the administration finds itself with an inflation problem by the end of the year?