3min chapter

The Intelligence from The Economist cover image

Variety in the price of life: inflation and the midterms

The Intelligence from The Economist

CHAPTER

The U.S. Economy Is a Fuel Tanker

Economists reckon that of the 8% inflation America now has, about 3 percentage points is because of fiscal policy. That includes the first COVID relief package signed by Donald Trump. The amount of job growth over the last 18 months has been absolutely tremendous. But it's also easy to overlook the success of other parts of the economy.

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