section_path: Inflation effects/Inflation Reduction Act
section_name: Inflation Reduction Act
paragraph_text: Inflation Reduction Act
  
  While not expected to provide much short-term relief, the Inflation Reduction Act seeks to make the United States less dependent on fossil fuels and their ability to cause inflation in the economy. Moody's estimates that by 2030, the bill could reduce the typical American household's spending on energy by more than $300 each year, in 2022 dollars.