Federal Reserve - Historic Mistake on Inflation

[HighStepper]

The Fed had the tools to stop inflation and failed to use them in timeLink

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[Hobby]

The Fed had the tools to stop inflation and failed to use them in timeLink

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Blame Russian, that didn't hold water.  Blame Covid that didn't hold water, Blame Oil Companies that didn't hold water. Blame Trump that didn't hold water.  Ah... the fed it's all the fed's fault for inflation and cost of living out of control.

Nope not Biden's fault for any of this even though Russia War, Inflation, Border, Crime, Drugs, and on and on, are getting worse and worse not better.

[HighStepper]

Presidents, current and past, have limited power to curb inflation. It is the Federal Reserve that has the biggest lever, i.e. determining interest rates.

There are contributors to inflation that you can blame on Biden and there are contributors to inflation that you can't blame on Biden. The pandemic that causes supply chain issues driving up prices.  The war in Ukraine. Inflation is now global.

Biden's stimulus package from a year ago contributed to inflation. That is on Biden. When it came to this inflationary cause, Biden may not have seen coming. Again that is on him.

Other than inflation the economy is doing well. Growth has been good, unemployment is down at record lows.  To some extent low unemployment has been pushing up wages, which in turn impacts inflation.

Finally plans for bringing down the deficit.

https://fantasysaloon.com/index.php?msg=3395
Presidents, current and past, have limited power to curb inflation. It is the Federal Reserve that has the biggest lever.

Biden's stimulus package from a year ago contributed to inflation. That is on Biden. When it came to this inflationary cause, Biden may not have seen coming. Again that is on him.

[Hobby]

https://fantasysaloon.com/index.php?msg=3395
Presidents, current and past, have limited power to curb inflation. It is the Federal Reserve that has the biggest lever.

Biden's stimulus package from a year ago contributed to inflation. That is on Biden. When it came to this inflationary cause, Biden may not have seen coming. Again that is on him.

Build Back Better... Yep, we sure doing better! President has EOs he can implement to help curb inflation.

[HighStepper]

President has EOs he can implement to help curb inflation.

It's about time. I brought this up in April. Biden needed to get rid of the inflationary tariffs imposed by Donald Trump.
Looks like he is finally considering doing this.

[Hobby]

Political Forum is out of business for now. Only Admins can see the board.  I left it like this so later if members want the board back all the topics and replies will appear...