The Fed Has Another Problem. States Are Doling Out Stimulus Funds

A spending spree is coming, and it may do more harm than good.

An analysis by Deutsche Bank economists shows that 20 U.S. states have recently enacted, or are in the process of enacting, stimulus programs. Such plans cover more than half of the U.S. population, and in aggregate amount to about $31 billion. That is equivalent to roughly a quarter of the third round of pandemic stimulus checks authorized in March 2021.

Source: https://www.barrons.com/articles/fed-inflation-states-stimulus-spending-economy-51665777929?siteid=yhoof2&yptr=yahoo