"Sorry?" Does the inflation come as a surprise? We just took a bunch of steps guaranteed to raise consumer prices. Of course we have inflation -- and not the kind caused by monetary policy.
I do not understand why we're considering rate cuts at a time when the stock market is setting records. There is plenty of money seeking investments. Your new business venture can't go directly to the stock market, but publicly-traded banks and companies can invest fund you. They don't need cheap money from the Fed to do it.
The Fed should be trying to cool off the economy, not put more cash into it and driving up consumer prices further. It's meant to be the last line of defense against bust cycles, not a goad to boom cycles.
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