[DoodleDawg]

It’s a political move to hurt President Trump right before the election.

What's more damaging to Trump, inflation at 3% rather than 2% or an unemployment rate of 10.3%? The Fed is trying to help tackle unemployment and it may be at the cost of slightly higher inflation rates.

[Ancesthntr]

“What’s more damaging to Trump, inflation at 3% rather than 2% or an unemployment rate of 10.3%? The Fed is trying to help tackle unemployment and it may be at the cost of slightly higher inflation rates.”

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While I agree with you about the (temporary) effect of slightly higher inflation, nothing that the Fed does in the next 40 or so days is going to change the election results. I use 40 or so days because the last UE report that the public will see before the election is the one for September. So the Fed’s action would have to have an almost instantaneous effect - and that just never happens except when they funnel money to banks to buy stocks (but that doesn’t help UE).

[Enlightened1]

What?

They cannot help unemployment by making it more expensive for businesses to operate.

That will cause even higher unemployment.

Deflation would help unemployment and NOT inflation.

[LibertyOh]

Unemployment will not be helped with inflation in today’s economy which has been crushed by travel and entertainment problems. When we get over the pandemic jobs will come roaring back.

[Georgia Girl 2]

No the Fed is trying to enrich itself as usual. The Federal Reserve doesn’t give a rats bazoo about the American people or our country. The single goal of the Federal Reserve Bank a private organization is to transfer wealth from the people to the central banking system. What do you think inflation means to the Fed? It means profit.

Their time is limited. Trump is coming for the Fed in his second term. They have to have figured it out. Trump currently has them trapped at issuing dollars at zero interest. No profit in that. He’s going to stick them with this stimulus money as much of it is not collateralized by Treasury notes.