Would the Inflation Reduction Act actually reduce inflation?

“I think it’s likely to have a modest downward effect on inflation, so directionally, I think it is likely to push downward on prices. But that’s unlikely to be the primary effect of the legislation, given how many specific policies there are.

Most of the impact on inflation and the broader economy from this legislation is likely to be medium-term, not felt in the immediate next few months, which is how households are thinking about inflation.”

https://www.vox.com/policy-and-politics/2022/8/4/23292338/congress-inflation-reduction-act-reduce-biden

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