That is absolutely true. The hedge funds, large banks and soveriegn wealth funds have already bet huge long positions on commodities, from food, to oil, gas, metals. American consumers will pay for these huge profits. The net results are less money left over to buy non-essential items. How is this supposed to stimulate the economy again? I believe that the FED's stated reasons are subterfuge. Their real agenda is a Keynesian ploy to inflate their way out of debt. I think they believe that it is the only way the government can save insolvent States and pension funds. We pay for it, but don't realize that is what we're doing!
Mike
“How is this supposed to stimulate the economy again?”
Back in the 70’s people were spending money sooner than later as, with time, the dollar was worth less. The problem was our spendable take home dollars was NOT keeping up with Inflation.