WASHINGTON — The chair of the Federal Reserve, Jerome H. Powell, has repeatedly undercut a central declare Republicans make as they search sharp cuts in federal spending: Authorities spending is driving the nation’s still-hot inflation charge.
Republican lawmakers say spending packages signed into regulation by President Biden are pumping an excessive amount of cash into the financial system and fueling an annual inflation charge that was 6 % in February — a decline from final 12 months’s highs, however nonetheless nicely above…
