As he announced his latest round of student loan forgiveness last week — the previous one was just last month — President Joe Biden was greeted with an unpleasant reminder of why his policy is not only ill-considered but also ill-timed.

Specifically, the Bureau of Labor Statistics reported last week that consumer prices rose 3.8% from a year earlier. Inflation’s stubborn refusal to fall to 2% makes it unlikely that the Federal Reserve will cut interest rates aggressively this year.

QOSHE - Biden Has Lost the Plot on Student Debt Relief - Matthew Yglesias
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Biden Has Lost the Plot on Student Debt Relief

9 0
14.04.2024

As he announced his latest round of student loan forgiveness last week — the previous one was just last........

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