Some Economists Fear Biden’s $1.9 Trillion Relief Plan Could Spark Excessive Inflation
President Joe Biden’s proposed $1.9 trillion COVID-19 relief bill is fueling debate among economists about whether it will spark a nasty spike in inflation. The consensus view is that the Personal Consumption Expenditures (PCE) inflation rate—which is the measure that the Federal Reserve uses in its desired target of a 2 percent “average” rate for …
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