Critics warn U.S. Inflation Reduction Act could keep prices high: FT

LONDON, April 26 (Xinhua) -- Economists and investors warn that the U.S. Inflation Reduction Act (IRA) could trigger another bout of inflation, the Financial Times (FT) has reported.

The IRA includes 369 billion U.S. dollars in subsidies to spur domestic clean energy manufacturing and deployment. The Chips and Science Act, passed around the same time, offers more than 50 billion U.S. dollars in incentives to reshore semiconductor production. The scale of the federal handouts has already sparked an investment boom, the British newspaper said on Monday.