Democrats on Tuesday brushed aside Republicans’ concerns about overheating the economy with the Biden administration’ s $1.9 trillion coronavirus relief bill, as Federal Reserve Chairman Jerome Powell signaled that the central bank won’ t pull back anytime soon on its own aggressive actions to aid the recovery.
Biden and his team have begun discussions on the possible outlines of an infrastructure package with members of Congress, particularly mindful that Texas’ recent struggles with power outages and water shortages after a brutal winter storm present an opportunity for agreement on sustained spending on infrastructure.
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