Investment

Wall Street is beginning to say stimulus probably won't spark dangerous inflation

8 days ago   |   By Business Insider

Samuel Corum/Getty Images
Republicans argue Biden's stimulus plan will fuel runaway inflation. Wall Street isn't so concerned.
Economists at major banks see new aid only modestly lifting inflation while aiding the US recovery.
Here's how UBS, BofA, Goldman Sachs, and Deutsche Bank see stimulus affecting inflation in 2021 and beyond.
Visit the Business section of Insider for more stories .
The debate around passing President Joe Biden's $1.9 trillion aid proposal is a simple one. Democrats argue the hole in the economy is so big that it warrants spending nearly $2 trillion, on top of the $3...
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Will the Biden spending package result in runaway inflation? No!

8 days ago   |   By Business Insider

President Joe Biden speaks after signing an executive order related to American manufacturing in the South Court Auditorium of the White House complex on January 25, 2021 in Washington, DC.
Drew Angerer/Getty Images
Economists like Larry Summers are worried the Biden fiscal stimulus plans will result in runaway inflation.
Both the COVID relief package and the infrastructure stimulus will not result in high inflation.
There's no reason to fear overheating of the economy.
Dan Alpert is an adjunct professor at Cornell Law School and a founding managing partner of the New York investment bank...
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