US EditionYes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
- The Inflation Reduction Act, which celebrates its one-year anniversary, has had little to no impact on curbing inflation rates, as most economists believe other factors are responsible for the recent drop in inflation from 9% to 3.2%.
- The name of the law, chosen to address the public's concern over rising prices, may have been a misnomer as it did not directly address or reduce inflation. Instead, the law focuses on combating climate change, creating jobs, and lowering healthcare costs.
47 Articles
47 Articles
Yes, inflation is down. No, the Inflation Reduction Act doesn’t deserve the credit
WASHINGTON — Even President Joe Biden has some regrets about the name of the Inflation Reduction Act: As the giant law turns 1 on Wednesday, it’s increasingly clear that immediately curbing prices wasn’t the point. While price increases have cooled over the past year — the inflation rate has dropped from 9% to 3.2% — most economists say little to none of the drop came from the law. “I can’t think of any mechanism by which it would have brought …
Yes, U.S. inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
Even President Joe Biden has some regrets about the name of the Inflation Reduction Act: As the giant law turns 1 on Wednesday, it's increasingly clear that immediately curbing prices wasn't the point. While price increases have cooled over the past year — the inflation rate has dropped from 9%…
Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
WASHINGTON — Even President Joe Biden has some regrets about the name of the Inflation Reduction Act: As the giant law turns 1 on Wednesday, it’s increasingly clear that immediately curbing prices wasn’t the point. While price increases have cooled over the past year — the inflation rate has dropped
Yes, inflation is down. No, the Inflation Reduction Act doesn't deserve the credit
Even President Joe Biden has some regrets about the name of the Inflation Reduction Act: As the giant law turns 1 on Wednesday, it's increasingly clear that immediately curbing prices wasn't the point.
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