Inflation

Powell says inflation, though elevated, will likely moderate

WASHINGTON ((DailyNews)) — Federal Reserve Chair Jerome Powell said Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in coming months” before “moderating.” At …

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Yellen: Biden’s phased-in spending plan won’t fuel inflation

WASHINGTON ((DailyNews)) — President Joe Biden’s massive proposed spending on infrastructure, families and education will not fuel inflation because the plans would be phased in gradually over 10 years, Treasury …

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