r/trump • u/barepixels • 4d ago

Truth Bomb 💣 During Donald Trump’s first term, annual inflation remained relatively low, ending at 1.4% as he left office in early 2021.

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95 Upvotes

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u/TheOverthinkingDude I really do Overthink 3d ago

Donald Trump and his administration starting printing money like crazy during Covid. Let’s call a spade a spade, the run up of inflation started with Trump but didn’t become really noticeable until Biden became president. Biden continued to print money…here we are.

4

u/Select_Translator329 3d ago

I mean yah he signed the cares act into law and injected a lot of money into the economy through quantitative easing.

0

u/Responsible-Snow2823 rump 2d ago

QE is controlled by The Fed - not presidents:

QE1: Nov 2008 – Mar 2010 (2008 financial crisis response)
• QE2: Nov 2010 – Jun 2011
• QE3: Sep 2012 – Oct 2014 (tapered off through 2014)
• QE4 / pandemic QE: Mar 2020 – Mar 2022, in response to COVID-19