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Biden's Spending Ignited Inflation That Fed Can't Stop, Doug Burgum Says

(Bloomberg) North Dakota Governor and long-shot Republican presidential candidate Doug Burgum said the massive stimulus from the $1.2 trillion infrastructure package that President Joe Biden signed will far outstrip the ability of the US Federal Reserve to curb inflation through higher interest rates. Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkGoldman Plans Hiring Spree to Fix Lapses Afte ....

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Even a recession might not tame inflation

There are a lot of moving parts to the economy, and as the last three years have demonstrated, things don’t always work as you expect ....

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