Inflation & The Fed: Comparing Trump and Biden

Elevated Thoughts seeks to restore political discourse in our country. Having representation from the Right and the Left, we dissect various topics and try to find common ground. Please consider subscribing! This episode of Elevated Thoughts dives into the complex relationship between inflation, presidential policies under Biden and Trump, and the role of the Federal Reserve in managing the U.S. economy. We discuss the history and function of the Federal Reserve, comparing its influence under different administrations and exploring how government actions and external factors like conflict and policy can drive economic shifts. We also address the political implications and public perceptions of economic management, touching on future prospects and the importance of voter participation and bipartisan dialogue in shaping policy. X: @ElevatdThoughts X: @coopsimms Newsletter: elevatedthoughts.substack.com Also available on Spotify or Apple Podcasts! Timestamps: [00:02:21] The role of the Federal Reserve. [00:05:40] Preventing devastating bank runs. [00:06:31] Central Federal Reserve and interest rates. [00:12:13] Inflation measurement and challenges. [00:14:39] Understanding inflation effects. [00:17:02] Stimulus checks and inflation. [00:22:13] Lowering corporate tax rate impact. [00:25:29] Immigration and inflation. [00:29:01] Manufacturing job creation under Biden. [00:34:04] Trump's impact on the economy. [00:37:26] Unemployment statistics and economy. [00:39:34] Presidential impact on economic policies. [00:44:57] The Inflation Reduction Act. [00:47:42] Political loyalty and bad actors. [00:52:40] Government influence on economy. [01:00:14] Lack of voter participation. [01:02:21] Neoconservatism and Political Labels. [01:04:59] Political controversy and image control.