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The Economy is on an Upswing. Should Biden Get Credit for It?
The Daily
The role of manufacturing construction and inflation control in the economy
The Biden administration's suite of policies, including manufacturing construction and new roads, has boosted the economy. However, these efforts have also contributed to inflation. The Federal Reserve has played a crucial role in curbing inflation by raising interest rates, while other factors like stabilizing oil prices and improved supply chains have also helped. The combination of a strong engine (economic growth) and effective brakes (inflation control measures) is vital for the economy, just like in cars.
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