Just from the feel of the thing, I’d say this [1] is likely.
The report explained, “The never-before-seen levels of money creation were fueled by policies set by the Federal Reserve, which encouraged Congress to spend more money and kept interest rates extremely low, despite warnings from economists about the threat of future inflation.”
Then when Joe Biden took office, while the indicators suggested the “economic crisis” would soon come to an end, Biden failed to respond, and he and congressional Democrats chose to keep spending at levels that were artificially inflated.
Well yeah, no kidding.
The warning signs have all been there. The only question is how long it’ll take the Democrats to try to blame Trump for the depression that they caused.