In July 2023, an article in the Wall Street Journal quoted an economist as saying, Inflation has
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In July 2023, an article in the Wall Street Journal quoted an economist as saying, “Inflation has slowed remarkably already, and we believe will continue to do so because spending growth is slowing substantially.” Is the economist’s observation connected with the Fed’s monetary policy during that time? If so, explain the link between monetary policy and “spending growth.”
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