Economic Stimulus

Economy

AP FACT CHECK: Biden skirts blame on inflation; GOP gas hype

Facing political attacks over rising costs, President Joe Biden exaggerated his role in reducing the federal deficit and skirted responsibility by asserting that a flood of government spending into the economy has no impact at all on higher prices. It actually does. Congressional Republicans, meanwhile, went too far in pinning blame for surging gasoline prices

Opinion

Opinion: Will the Fed Curb Inflation, or Will Politics Prevail? – Inside Sources

The Consumer Price Index has been increasing at close to a 5 percent annual rate. The Federal Reserve just announced its plans to begin tapering its bond purchases — essentially scaling back an economic stimulus — later this month, but the market is not expecting it to fight inflation by raising interest rates until the middle of next

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