The Federal Reserve finances a great deal of the national debt, Antoni explains, but “unlike the Treasury, which has to finance everything either through taxes or borrowing money, the Federal Reserve actually can just create money.”
Federal Reserve officials warned at the June policy meeting that if inflation remained elevated or continued to rise, policymakers might need to raise interest rates, according to minutes from the meeting released on Wednesday.
An economist at the Heritage foundation estimated the average American worker has lost almost $3,400 in annual income since Biden became president.
The incidents cited in the document, rather than intellectual collaboration, pointed to “a sustained effort by China, over more than a decade, to gain influence over the Federal Reserve,” according to the report.
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