All the Fed can do is print money, all their other levers to control the economy like raising interest rates no longer work with all the saturated debt levels. The Fed was buying back the debt all the way back in 2010 when all the international demand for US treasuries was not existent, otherwise known as the Quantitative Easing program. Trump just allowed it to continue and speed up to it's own demise, however he did have a plan to put Judy Shelton on the Fed board to put US back on the gold standard.
They need to raise the debt ceiling, otherwise the financial system would enter the natural tendency of deflation. The Fed can't have this as it makes the debt so much harder to pay back, which is why they would rather choose stagflation and hyperinflation that in essence is saving the debt at all costs.
All the Fed can do is print money, all their other levers to control the economy like raising interest rates no longer work with all the saturated debt levels. The Fed was buying back the debt all the way back in 2010 when all the international demand for US treasuries was not existent, otherwise known as the Quantitative Easing program. Trump just allowed it to continue and speed up to it's own demise, however he did have a plan to put Judy Shelton on the Fed board to put US back on the gold standard.
They need to raise the debt ceiling, otherwise the financial system would enter the natural tendency of deflation. The Fed can't have this as it makes the debt so much harder to pay back, which is why they would rather choose stagflation and hyperinflation that in essence is saving the debt at all costs.