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Weed: Fed needs to get surging inflation under control

April 14, 2022

In order to counter the destructive forces of the coronavirus pandemic and correct a supply/demand imbalance in the economy by increasing demand, the Federal Reserve and the Congress took extraordinary action. They poured more than $5 trillion into the US economy — a macroeconomic stimulus closer to World War II levels than to normal recession levels. The primary drivers of inflation are wages, housing and energy. Inflation is likely to get worse before it gets better. Washington Post economics columnist Heather Long expects inflation to reach 10%.

Article Source: Capital Gazette

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