• Socsa@sh.itjust.works
    link
    fedilink
    arrow-up
    20
    ·
    2 years ago

    Trump was literally on Twitter bullying the fed chair to not raise rates, threatening to fire him. The inflation situation is very uniquely his fault.

    • Chunk@lemmy.world
      link
      fedilink
      arrow-up
      4
      arrow-down
      2
      ·
      2 years ago

      The inflation is caused by a conglomeration of things, and mostly not from us giving out stimulus. Trump is a clown but he didn’t cause the inflation.

      The inflation is supply side. That means it’s caused by reduced stuff, not increased money. The Russian war caused oil to skyrocket and that caused a significant amount of the inflation.

    • SeaJ@lemm.ee
      link
      fedilink
      arrow-up
      1
      ·
      2 years ago

      And he bitched about the Fed under Obama for keeping interest rates low and claimed that the real unemployment rate was like 42%.