News Analysis: Will U.S. Democrats' bill reduce crippling inflation?

by Matthew Rusling

WASHINGTON, Aug. 5 (Xinhua) -- While the so-called Inflation Reduction Act contains many provisions to fight the harmful impact of climate change, many economists said the bill will do little to curb surging inflation.

U.S. inflation stands at a four-decade high, and is taking a huge bite out of average Americans' wallets. Democrats said the bill, which comes at a cost of hundreds of bi