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Fed officials agreed Wednesday to lift the benchmark federal-funds rate by three-quarters of a percentage point to a range between 3.75 and four percent. | Economy
While many economists agree that the American Rescue Plan did worsen inflation by giving people more money to spend, they continue to disagree about the extent.
But was it a minor contributor, or a major factor in the US’s inflation woes?
"they entertain fantasies about kindling a prairie fire of progressive turnout"
Treasury Secretary Janet Yellen on Thursday defended President Biden's nearly $2 trillion COVID-19 stimulus bill despite criticism that the burst of government spending acted as an accelerant for the highest inflation in 40 years.