They touched on the America Rescue Plan Act: — Uncle Sam has been on a unique path because of Mr Biden’s excessive $1.9trn fiscal stimulus, which passed in Ma

They touched on the America Rescue Plan Act: — Uncle Sam has been on a unique path because of Mr Biden’s excessive $1.9trn fiscal stimulus, which passed in March 2021. It added extra oomph to an economy that was already recovering fast after multiple rounds of spending, and brought the total pandemic stimulus to 25% of GDP—the highest in the rich world. As the White House hit the accelerator, the Fed should have applied the brakes. It did not. — I didn’t see any of the others mentioned.