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Month: October 2021

Biden’s stimulus plan is fueling short-term inflation, SF Fed paper finds

By Matt Egan, CNN Business President Joe Biden’s $1.9 trillion American Rescue Plan is contributing to elevated inflation but it isn’t expected to overheat the economy, a new research paper from the San Francisco Federal Reserve concludes. The package signed into law in March included stimulus checks, enhanced unemployment benefits, small business loans, aid to

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