Rates were decreased 3 times in 2019 after Trump kept pressuring the FED to do so. He argued we should have policy similar to Japan or German with zero or negative interest rates.
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
The problem about that is each country and their respective monetary policy is different. Wanting to mirror another country is asinine because they have different problems.
I didnt necessarily say tarrifs caused this inflation but tariffs, by their very nature, are inflationary. The cost of the good is passed down to the consumer or the country that has to pay that tariff takes their business elsewhere. Look at our soy farmers being hurt back when these tarrifs were being pushed.
There hasn't been enough study to show whether not they've contributed to the inflation we're currently experiencing. Even the WSJ has articles covering both viewpoints.
I agree inflation is due to monetary injection but most of this happened in 2020, under Trump. You cannot blame Biden for something that didn't happen under his administration.
Inflation would've happened regardless so it's dumb to even waste energy to blame a politician.
Blame the gas companies who can produce more oil but decide not to.