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In_betweener t1_iyd9rwb wrote

Reply to comment by pogchampnibba69420 in I Called Jared Golden, Susan Collins, and Angus King today to express my support for railroad workers. I hope you call your reps, too! by Stunning_Ambition_16

Corporate profits caused inflation, not the reserve.

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pogchampnibba69420 t1_iydr0ob wrote

Quantitative easing policies of jerome powell caused everything bubble

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In_betweener t1_iydrvf1 wrote

we were on this path under Yellen...but its not either of them that is the cause.

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_Schneebley t1_iydsht3 wrote

Exactly, The Fed can only do basically 2 things, raise interest rates to curb inflation and purchase assets (and lower interest rates) during an economic crisis. Thats...it... They don't control spending, taxation, ect. They only control the money supply and provide liquidity to the market. Federal Reserve is only reactionary to what Capitol Hill is doing and the economy at large.

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