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“So what does the Democrats' stunning capture of both the US Senate and House of Representatives mean for the economy and economic policy, given that President Donald Trump still has two years of his term to go?”

““With the outlook for inflation substantially higher and the economy showing resilience, an increase in the policy rate was needed to reduce the risk that elevated energy prices could spill over and become generalized inflation.””

“Regardless, the initiatives underscore the broader, growing discontent with many of the nation’s large utilities, said Karlee Weinmann, a researcher with the utility industry watchdog, Energy and Policy Institute.”

“Earlier this year, the US Government Accountability Office found that the Office of Clean Energy Demonstrations had lost 85% of its staff over the first six month’s of Trump’s second term, and placed a stop work order on all contracts.”