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The intensifying debate comes as the Senate is poised to pass the measure as early as this week, sending it back to the House for possible final passage next week. With the finish line in sight, some economists are sounding the alarm, particularly after financial markets signaled unease with the possibility of inflation on the horizon. “To say he’s taking a risk would be an understatement,” said Desmond Lachman, an economist at the right-leaning American Enterprise Institute and former deputy director at the International Monetary Fund. ADVERTISEMENT For Biden, the relief package and its key components stimulus checks, increases to child and earned income tax credits, emergency unemployment benefits could set the tone for his presidency.

United statesWhite houseDistrict of columbiaPat toomeyJerome powellDesmond lachmanJanet yellenRyan severinoInternational monetary fundAmerican enterprise instituteFederal reserveInternational monetaryPresident obamaGreat recessionFederal reserve chairman jerome powellTreasury secretary janet