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The massive jobs shortage will keep stronger inflation temporary, Goldman Sachs says

11 days ago   |   By Business Insider

Summary List Placement When it comes to the inflation debate looming over the US economy, Goldman Sachs is on the side of the Federal Reserve and the Biden administration.
Gauges of nationwide price growth are surging at their fastest rate in more than a decade , sparking concerns of an overheating economy ending the recovery early. Republicans and some moderate Democrats have blamed the Fed's ultra-easy policy stance and unprecedented fiscal stimulus for the inflation overshoot. The Biden administration and the central bank have instead argued the stronger price growth is temporary and...
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