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The Fed is trying to lower inflation: Biden’s actions are increasing it

Por: The Hill Business February 24, 2023

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A  released in January 2022 by the Federal Reserve Bank of St. Louis  that 2.6 percent of the U.S. inflation rate for the 12 months ended February 2022 was due to COVID-related fiscal stimulus. This represents about one-third of the rampant 7.9 percent inflation experienced for the period.  The St. Louis Fed’s methodology did not include the inflationary impact of the increase in the supply of money due to Treasury borrowing and Federal... + full article



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