By buying up our exploding government debt, … caused by Biden’s two-year fire-hose spending spree … the Federal Reserve more than doubled its balance sheet … from $4 trillion to over $9 trillion … causing our current inflation problem … which it is now trying to cure by raising interest rates (likely bringing on a humdinger of a recession.)
Wouldn’t it have been better for the Fed to allow the financial markets to buy this debt which would have pushed up interest rates on their own … and possibly averted inflation?
Or is it that it secretly wanted to cause inflation in order to monetize (dilute) our huge $31 trillion federal debt?
Just asking …
STAND UP FOR MARKET FORCES!