Rating agencies say Biden's spending plans will not add to inflation pressure

G

gemini104104

Verified User
EXCLUSIVE Rating agencies say Biden's spending plans will not add to inflationary pressure."

Despite the stumbling of anti Biden fake polls and disinformation bullshit, President Biden's economy has earned the recognition it deserves and could be a stronger recovery were it not for seditious repukes and their war on Democracy and the global economy, and as a result of recovering from the F- economy from hell that the lawlessly hacked in tRump insurgency created. President Biden and even in the midst of repuke and GQP war rampaging tyranny, and at this point has build back a better America in less than one year after giving the lawlessly hacked in Putin lap dog tRump and his insurgency from hell the boot!:

https://www.reuters.com/world/us/ex...g-plans-will-not-add-inflationary-2021-11-17/
 
gemini104104 said:
EXCLUSIVE Rating agencies say Biden's spending plans will not add to inflationary pressure."

Despite the stumbling of anti Biden fake polls and disinformation bullshit, President Biden's economy has earned the recognition it deserves and could be a stronger recovery were it not for seditious repukes and their war on Democracy and the global economy, and as a result of recovering from the F- economy from hell that the lawlessly hacked in tRump insurgency created. President Biden and even in the midst of repuke and GQP war rampaging tyranny, and at this point has build back a better America in less than one year after giving the lawlessly hacked in Putin lap dog tRump and his insurgency from hell the boot!:

https://www.reuters.com/world/us/ex...g-plans-will-not-add-inflationary-2021-11-17/
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And the BBB bill will ensure east of transportation of goods will continue safely. There's a reason McConnell and other R's attended that bridge ceremony a month or so ago.
 
"We find that excess inflation is significantly correlated to each country's own domestic stimulus and to various exposures of foreign stimulus," concluded a trio of economists at the St. Louis Federal Reserve in a report published last month. In the U.S., they found that "fiscal stimulus during the pandemic contributed to an increase in inflation of about 2.6 percentage points."

That's a significant increase, even if it doesn't account for the full run-up of inflation that took place during the past 18 months. Price increases accelerated in late 2021 and throughout 2022, ultimately peaking at an annualized rate of 9.1 percent in June.
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https://reason.com/2023/02/02/covid-stimulus-spending-played-sizable-role-in-inflation/
 
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