How big is the inflation risk of Biden's stimulus package?
CGTN, 08 Apr 2021
Dr. William Lee, Chief Economist at the Milken Institute, said that the U.S. economy will grow rapidly under the influence of the stimulus, and the surge in consumption will bring about a sudden jump in prices. However, since the U.S. has been suffering from deflation for the past ten years, he believes that after the burst of consumption subsidies, deflation will come back into play.
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