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Politicians don't control the Federal Reserve.
by satvikpendem 2y ago
Politicians don't control the Federal Reserve.
- verdverm 2y agoThey did pass a few major spending bills, putting large sums of money into the economy.
- Vaslo 2y agoSo you mean they gave people back their money?
- verdverm 2y agoNo, most of that money was not direct payments to people. Infra, energy, chips, and other broad effect investments More money in the economy means more inflation. You can take money out with taxes and slow non-govt debt based influx with interest rates (the fed's primary tool)