Too much money being dumped onto the economy too quickly. Add what Biden did to the oil markets on day one to the mix.
Biden signs $1 trillion bipartisan infrastructure bill into law (cnbc.com)
"President Joe Biden signed the more than $1 trillion bipartisan infrastructure bill into law on Monday, checking off the first piece of his party’s sprawling economic agenda."
What's in the $1.9 trillion Covid bill Biden just signed? You might be surprised. (nbcnews.com)
"US President Joe Biden has signed the Inflation Reduction Act (IRA) of 2022 into law, marking the largest climate and energy spending package in US history. The massive energy, climate, and tax bill includes $600 billion in spending, $370 billion of which is dedicated to supporting renewable energy and climate resilience."
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