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Republicans Say Spending Is Fueling Inflation. The Fed Chair Disagrees.

The New York Times – Business:

Jerome H. Powell has said that snarled supply chains, an oil shock following Russia’s invasion of Ukraine and shifts among American consumers are primarily behind rapid price growth.

Jim Tankersley
Author: Jim Tankersley

This post first appeared in The New York Times – Business. Read the original article.

Written by

Jim Tankersley

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Consumer Behavior, Federal Budget (US), Federal Reserve System, House of Representatives, Inflation (Economics), Interest Rates, Powell, Jerome H, Republican Party, Stimulus (Economic), Supply Chain, United States Economy, United States Politics and Government
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