$ 1.75 trillion for climate change, social services-Biden's plan Build Back Better is progressing while inflation records the USA-economy

This week, the US legislators are preparing to debate Joe Bidens Build Back Better proposal, which is now estimated at $ 1.75 trillion. The new proposal follows the expansive monetary policy that the Federal Reserve has pursued in the past two years and has expanded the amount of money like never before. In the meantime, the US inflation is planning to evaluate new strategies today at a 30-year high and the Central Bank's Offenmarkt Committee (FOMC).

biden reduces the plan "Better Removing"

Last week US President Joe Biden offered a slimmed-down " better build up " of the current estimate of 1.75 trillion US dollar. The proposal follows the massive money supply expansion, which is due to the fact that the US Federal Reserve increased the deposits of its member banks with loans.

In order to cope with the economic catastrophe caused by the government's Covid 19 mandate, the FED has the monetary expansion two centuries of the USD creation. The latest 1,600-page proposal of the bidet government wants to use $ 1.75 trillion to combat social service programs and climate change.

Reports Note 550 Billions of US dollars are spent on combating climate change. The funds are devoted to the so -called climate crisis and the funds are distributed to companies that deal with climate change and the transition to clean energy. Bidens Plan also aims at childcare and the draft law provides for free preschool programs for all 3-4 year old American children.

In addition, the Weißen House's proposal extends the tax credit for children by another 12 months. The spokeswoman for the House of Representatives, Nancy Pelosi, admitted that a number of points were cut out of the invoice, but they that "universal pre-k, child tax. Nursing and the rest “made it into the package.

In addition, bidens proposal "Build Back Better" will finance broadband services to help American families connect to the Internet, but also a Mittelvergung For free "desktops, laptops and tablets for poor Americans", Makena Kelly, participant from The Verge.

Federal Reserve discusses tapering bond purchases in the face of increasing inflation

at the same time, increasing inflation packs the US economy as the last week published last week Inflation rate has been the highest in 30 years. In order to address the problem, the US Federal Reserve plans to meet on Wednesday afternoon. It is assumed that the FED will not raise the reference interest rate via zero, but will probably consider reducing the monthly bonds worth $ 120 billion.

other countries are meets the day after the day after the FOMC session of the Fed to discuss the new configuration of the interest rates. Reuters bemerkt Heute haben die FOMC-Mitglieder in den Minuten From September 21 to September 22, signaling that an "expansion" of the bond purchases could be approved. The plan has been described as a "illustrative tapering path", and Reuters employee Howard Schneider emphasizes that the Fed officials still believe that the current problems will be temporary.

"The Fed officials still largely represent this view-they assume that the global delivery bottlenecks will have relaxed by 2022, which will cool down by a pandemic demand for goods among US consumers," explains Schneider's report on Wednesday.

What do you think of Bidens "Build Back Better" plan to use $ 1.75 trillion? What do you think of the Fed's assessment of having the bond purchases returned? Let us know your opinion on this topic in the comments below.

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