“Juicing the economy to help Kamala?”
Interest payments on the total federal debt are now over $1 trillion per year. The federal government is borrowing money in order to make interest payments on the existing debt. This is not an economically sustainable proposition. Since the president and Congress have no appetite for reducing spending, the Federal Reserve is using its power to control interest rates to lower rates and thereby help the government by lowering the cost of new debt being used to pay interest on the existing debt.