On the recordJune 22, 2022
President Biden continues to deny that the so-called American Rescue Plan contributed to inflation, recently calling that idea, 'bizarre.'
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congress.govPresident Biden continues to deny that the so-called American Rescue Plan contributed to inflation, recently calling that idea, 'bizarre.'
McHenry highlights Biden's denial of inflation linked to the American Rescue Plan.
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I think the reason why both reports conclude that the Fed failed to adequately escalate is because the Fed itself is delaying implementation of the enhanced supervisory standards.