Rep. Pat Fallon, R‑Texas, discusses inflation amid infrastructure bill woes. Treasury Secretary Janet Yellen predicted on Friday that a nearly $2 trillion White House spending initiative will help lower rising inflation amid concerns that another burst of government spending will act as an accelerant to already rapidly rising consumer prices. Speaking from Rome where she is attending the G‑20 conference of global leaders, Yellen downplayed concerns that two sprawling spending packages will contribute to a recent bout of inflation that has caused wild swings in consumer prices. She argued that provisions of President Biden’s $1.75 trillion ($1,750,000,000,000) climate and family plan and a bipartisan $1.2 trillion ($1,200,000,000,000) core infrastructure bill could actually drive prices lower.“I don’t think that these investments will drive up inflation at all,” Yellen said …