Abstract
The novel coronavirus epidemic has caused a huge impact on the US economy. In order to make the US economy recover as soon as possible, the US government has implemented a large number of expansionary economic policies. These policies have alleviated the negative impact of the US economy in the novel coronavirus epidemic to a certain extent, but it has spread to the world and laid the root of global inflation. In the implementation of expansionary economic policies for a period of time, high inflation also began to appear in the United States, to which the US government responded by violently raising interest rates. In 2022, the United States raised interest rates seven times, reaching 425 basis points in total. The US dollar appreciated sharply, reaps global benefits. In this research, the effects of these operations on China's inflation are described, and suggestions for getting rid of dollar hegemony and China's high-quality development are put forward.
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