US President Joe Biden delivers remarks on the investments in the proposed US$2 trillion American Jobs Plan on April 7. Economists debate whether the legislation will spur inflation so severe that it would disrupt emerging markets. Photo: abacapress.com via TNS
How a sweeping US infrastructure plan might spur financial havoc in China
- Economists debate whether proposed US$2 trillion infrastructure programme would cause inflation at home that could be exported
- ‘I would be surprised if the Fed wasn’t compelled to raise rates by sometime next year,’ one analyst says.
US President Joe Biden delivers remarks on the investments in the proposed US$2 trillion American Jobs Plan on April 7. Economists debate whether the legislation will spur inflation so severe that it would disrupt emerging markets. Photo: abacapress.com via TNS
