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Inflation fear lurks even as US officials say not to worry

The worries reflect expectations of a rapid economic expansion as businesses reopen and the pandemic recedes

March 11, 2021 / 01:15 PM IST
Inflation fear lurks even as US officials say not to worry

Nelson D Schwartz and Jeanna Smialek While the Biden administration’s ambitious effort to salve the pandemic’s deep economic wounds made its way through Congress, proponents insisted that funneling $1.9 trillion to U.S. households and businesses wouldn’t unshackle a long-vanquished monster: inflation. Officials at the Federal Reserve, responsible for balancing the job needs of Americans with price pressures that could erode their buying power, have said there is little cause for worry. Yet as the legislation moved toward the finish line, inflation prospects...

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