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Biden’s spending stokes inflation fears among some economists, Democrats

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President Biden looks at his notes as he speaks on his American Jobs Plan in Lake Charles, La., on May 6. Photo: Jonathan Ernst/Reuters

Some Democrats and economistshave begun to worry that President Biden, intent on FDR-like transformation of a wounded America, is doing too much, too fast.

Why it matters: Some economists fear that all this spending will crank up inflation, and put Biden’s economic legacy at risk.

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