America’s sneezing: diagnosing global inflation
The Intelligence from The Economist
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What's Going on in the US Economy?
Inflation has become a big problem for the biden administration. Big stimulus policies to lift the economy out of the pandemic have basically all expired at this point. Jerome powell has just been reappointed for a second term as fed share it's possible that now he'll be relatively more unencumbered, not concerned about political process of his renomination. And so those are the prescriptions that seem clear from here. But there is also much more worrying scenario that we all have to keep in mind as well.
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