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High-profile economists want to shut down Biden's stimulus over fears it could cause a damaging inflation spike. But recent history suggests otherwise.


High-profile economists want to shut down Biden s stimulus over fears it could cause a damaging inflation spike. But recent history suggests otherwise.
Business Insider India
20-02-2021
Hillary Hoffower,Juliana Kaplan
© NICHOLAS KAMM/Getty Images
High-profile economists want to shut down Biden s stimulus over fears it could cause a damaging inflation spike. But recent history suggests otherwise.
Some high-profile economists fear Biden s $1.9 stimulus package will lead to inflation.
But the Fed sees little inflation risk, and Wall Street increasingly agrees; the US hasn t had high inflation in nearly 40 years.
Since then, central bankers have come to think the US has developed better tools to handle inflation. ....

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