re: There is a common misconception here about stimulus checks.

quote:

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The fed is more powerful than the government that we elect and they are pumping trillions into the monetary system.

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Most people don't realize there's a checks and balances in the "fed" between the Board of Governors and non board members of the FOMC. Their appointed terms are intentionally 14 yrs to avoid political volatility. So they may be powerful for a spell but not above government.

But yes when the FOMC buys securities => inflation.

However, that's the "price" of economic stability in equations I doubt you nor the OP have ever had exams on in college.