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America Spending, Limited Supply Leads To Increased Prices




Speaking at the spring meeting of the International Monetary Fund and World Bank on Thursday, Federal Reserve Chairman Jerome Powell said that US spending is expected to increase as the economy reopens along with limited supply will push prices higher this year.


Speaking at the spring meeting of the International Monetary Fund and World Bank on Thursday, Federal Reserve Chairman Jerome Powell said that US spending is expected to increase as the economy reopens along with limited supply will push prices higher this year.


"And now we have a situation where the economy reopens ... there will be bottlenecks, perhaps, but it seems unlikely that this will change the underlying psychology of inflation that has taken root over many years.", He alleged. "This is what we believe ... We believe that there will be upward pressure on prices, which could be transmitted to consumers in the form of price increases."


CTM NEWS

9 Aopril 2021

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