The fake news and establishment media routinely attacked former Pres. Donald Trump for vehemently disagreeing with Federal Reserve Chairman Jerome Powell about financial policy. When the Fed raised interest rates, the former president forced his hand to lower them. Time and time again, Powell was wrong about the Fed’s impact on the economy and Mr. Trump was proven right.
On this Fox Business News report, Steve Forbes weighs in about the rising inflation everyday Americans are suffering in a post-Trump economy.
Steve Forbes is well respected for his keen economic insights, and he points out that the Fed has been printing far too much money to maintain stable pricing at the supermarkets, gas pumps, and retail outlets. Fast-rising inflation hits working families and America’s poorest citizens the hardest. Those issues appear to be lost on Powell and his so-called experts who want to keep the money train rolling.
As Forbes deftly points out, the pandemic called for increased spending, and that spell of over-printing money is understandable. But with Democrats getting their first taste of majority power in Congress and holding the White House, the ability of hard-working people to buy goods, pay bills, and provide a better life for their children doesn’t appear to be topping their priority list.
If you are troubled by skyrocketing prices in the supermarket, you better hold on because America could be in for a bumpy ride. And if you want to know what can be done to prevent perhaps the worst inflation in 50 years, watch this video and vote in 2022.