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Biden’s Economic Plans Collide With Inflation Reality

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WASHINGTON—President Biden took office with a raft of economic plans to better position the U.S. to compete on the world stage and jump-start a labor market ravaged by the pandemic.

Ten months into his term, Mr. Biden is facing a new set of economic challenges.The number of Americans seeking unemployment benefits fell to a 52-year low last week, available jobs are trending near record highs and consumer spending is rising.

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