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You have the Fed trying to restrain inflation, but the Biden administration’s huge spending and borrowing look to be increasing inflation once again.
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Updated:
President Biden’s heavy-duty federal spending fiasco is forcing interest rates to rise and keeping higher than expected inflation alive. Mr. Biden has poured in almost $6 trillion in new spending. And it looks like he’s planning on at least another $4 trillion in the years ahead, that is according to the new Congressional Budget Office baseline.
President Biden’s heavy-duty federal spending fiasco is forcing interest rates to rise and keeping higher than expected inflation alive. Mr. Biden has poured in almost $6 trillion in new spending. And it looks like he’s planning on at least another $4 trillion in the years ahead, that is according to the new Congressional Budget Office baseline.
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