“Just because they printed all this money, why are prices going up.”
Well, you understand supply and demand right? It applies to money as well as goods and services. So if you print more money, all else being equal, then all the money in circulation is automatically worth less, since you have increased the supply of money without increasing the demand. When that money is worth less, the prices have to go up because you need more of this devalued money to match the value of the products you want to buy.
The exception to this is when the productivity of the economy is also increasing. That’s essentially the same as saying the demand for money is rising. In that case, you can print a certain amount of money without causing inflation. That’s obviously not the case in an economic downturn like we have right now.
I am being obtuse. Of course when you print money prices go up [modulo quantity of goods and velocity of money]. I am just mocking the FED that doesn’t understand that.