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Biden's stimulus plan is fueling short-term inflation, SF Fed paper finds

CNN
 2021-10-19

Cover picture for the articleNew York (CNN Business) — President Joe Biden's $1.9 trillion American Rescue Plan is contributing to elevated inflation but it isn't expected to overheat the economy, a new research paper from the San Francisco Federal Reserve concludes. The package signed into law in March included stimulus checks, enhanced unemployment...

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Carol Albertson
10-19

What is short term inflation? How short is the term? Does it go away when Biden goes away? Does it cease, when the stock market crashes..money markets are depleted..The GNP..is ???

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