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Biden Can Whip Inflation and Build Back Better [1]

['Jason Furman']

Date: 2023-08

The current spike in inflation is no accident. It's the result of reckless policies that squeeze the supply of goods and services—notably energy. Images: Reuters/AFP/Getty Images Composite: Mark Kelly

The U.S. economy faces multiple challenges. The recovery has been more rapid than expected but now there’s an acute inflation problem. At the same time, the economy suffers from chronic problems, including underinvestment in children, insufficient support for working parents, and the threat of climate change. Addressing inflation is imperative, especially through less-expansionary monetary policy. But Congress must also address the chronic problems by passing the Build Back Better bill.

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[1] Url: https://www.wsj.com/articles/biden-can-whip-inflation-and-build-back-better-stimulus-prices-infrastructure-reconciliation-11636991676

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