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The federal deficit was $3.1 trillion for the 2020 fiscal year. This record amount has some economists revisiting the popular theory that deficits may cause inflation. But is there any evidence that COVID-19 fiscal support could overstimulate the economy?
By JPMorgan Chase Commercial BankingThe federal deficit was $3.1 trillion for the 2020 fiscal year. This record amount has some economists revisiting the popular theory that deficits may cause inflation. But is there any evidence that COVID-19 fiscal support could overstimulate the economy?