Economic backdropFirst, it's important to put Manchin's inflation fears in the proper context. Political contextManchin's inflation fears over BBB fit into a larger political debate that has been going on for months in Washington. Build Back Better if it does anything to the economy will be, most of it, several years hence." As a result, some economists say there may be a modest increase to inflation in the short term. "Even if you thought that Build Back Better was inflationary, the Fed's going to lean against that," Wolfers said.

Source: CNN December 24, 2021 10:31 UTC