Mission Accomplished

Recently we had a record low unemployment rate of 3.4%... this is a problem because the FED has been attempting to slow the economy by raising rates to reduce inflation (if people don't have jobs, demand for products will clearly decrease). This will be tricky considering there is inflation globally and I'm not sure how this can be done without crashing the economy.

Anywho the FED chairman currently in charge is trump's guy, Jerome Powell. I'm not necessarily saying this is trump's fault.. but I am saying I'm not sure it'd be much different if Trump had won the last election. Is it Biden's "policy" of not firing Jerome Powell that is causing the alleged destruction?

Why wouldn't it be different? It was different during Trump's tenure. When you have low unemployment at the same time as a terrible economy and inflation outpacing wages, low unemployment isn't good news. When people are earning money, they're spending money.

Yes.. I mentioned low unemployment being a problem.

But anywho Trump originally hired Jerome Powell as FED chairman... and he is still currently FED chairman. He's the guy more or less in charge of dealing with inflation. Unless you think trump would've hired and then later fired him, I don't know how inflation would be much different. Maybe you think trump would've tried to pressure the FED to raise the rates sooner than they did (after previously trying to pressure them to lower the rates). Idk.

Also money supply aka "printing money" also skyrocketed beginning during the Trump presidency... You might try and argue Biden kept it going... but it's actually coming back down now and has been for months... M2 peaked more or less in the middle of last year.

Yes, you did mention that. Sorry, I'm usually tackling several issues at once, and I must've spaced that out. Trump did hire Powell, but he was never really happy with him. As far as Powell still being there, I don't know why that is. Whatever he's doing now can't be similar to what he did during Trump's tenure because what worked under Trump to revive the economy doesn't appear to be working so hot, now.

I was refreshing my memory on this stuff before posting this, and I now have a headache 😫😀, so I don't want to get too far into it because you appear to be MUCH more adept with big money issues than I am! But Quantitative Easing under Trump was to try and rebound us from the feckless years of Obama. And the biggest increase in the balance sheet appears to be from 2020 when the "pandemic" hit. Yes, I did notice that it's down a little, from $8.97T in Mar 2022 to $8.44T in Feb 2023. That's nothing to do cartwheels over, but it's something. Anyway, to hack myself out of these weeds I will defer to you on this issue. 🤔 But if I'm still not getting it, please feel free to correct me, as I like to be educated when I converse!

Oh yeah, and Climate Change is a scam!