IMF chief economist has ‘no concerns’ over inflation in US
Biden plan likely to cause 2.25% inflation, within Fed’s framework, Gopinath says
Gita Gopinath, the International Monetary Fund’s chief economist, says that the inflation created by US president Joe Biden’s proposed stimulus plan “is nothing to be concerned about”.
In a blog post published on February 19, Gopinath predicts that the stimulus will cause inflation to rise to 2.25% in 2022. She says this will be consistent with current Federal Reserve policy.
The Fed’s inflation target is 2%. However, in January the Fed modified the implementation of this policy. The Federal
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