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Biden’s infrastructure plan should supercharge growth over the long term, Dallas Fed president says

Robert Kaplan

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President Joe Biden’s infrastructure proposal can permanently lift the country’s economic output and drive stronger growth for years after the recovery, Robert Kaplan, president of the Federal Reserve Bank of Dallas, said.

The president rolled out the American Jobs Plan in a Wednesday speech, marketing the measure as a critical next step for his plan to revive the US economy. The $2.3 trillion spending package includes investments in traditional infrastructure like roads and bridges, nationwide broadband, clean water, and affordable housing.

The plan’s unveiling comes just weeks after Biden approved a $1.9 trillion stimulus plan. The details ⇒

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