Yes it will absolutely lead to inflation. But for the well connected banks who are first to benefit, and coincidentally, I'm sure, the ones who run the Federal

Yes it will absolutely lead to inflation. But for the well connected banks who are first to benefit, and coincidentally, I'm sure, the ones who run the Federal Reserve, the money will get to be spent/loaned before it causes much or any inflation. For the rest of us with value stored as US currency, we get fucked.