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Who is responsible for the current inflation? [1]

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Date: 2022-09-14

Republicans are bashing Democrats for inflation, but it was Trump who nominated Jay Powell…

The dual mandate for the Fed is “full employment” and “inflation control”… Jerome Powell intentionally dropped the inflation part of the mandate by overprinting. So whose fault is that?

Inflation works over a long time period so Biden is the fallguy for the overprinting that was set in motion mostly on Trump’s watch. Under Biden Powell is raising interest rates.

You can read the chronology of Jerome Powell at wikipedia. Go there and put in Jerome Powell

My conclusion is Trump is as much or more responsible for the inflation as Biden…!!

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[1] Url: https://www.dailykos.com/stories/2022/9/14/2122789/-Who-is-responsible-for-the-current-inflation

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