The Fed is focused on achieving full employment and maintaining inflation above two percent, but we are currently in the one and a half to two percent range.

The Federal Reserve's interest rate hikes act as a brake on the economy, making things more expensive and affecting consumer spending across the board.

The Federal Reserve shifted from cutting interest rates to zero and injecting significant stimulus into the economy, which created challenges for investment behavior.

The Federal Reserve remains supportive, with M2 money supply growth still in the mid-20s, indicating a very rapid rate of growth.

The government needs to step in during banking crises, as seen in March 2023 when the Federal Reserve raised interest rates to combat inflation, leading to the collapse of Silicon Valley Bank and First Republic Bank.

The current debate among G7 countries about keeping currencies within a narrow band reflects a struggle between maintaining economic stability and US interests in controlling fiscal policies.

The government often resorts to printing money to manage debt, which can lead to inflation and devaluation of currency, complicating economic stability.

To resolve the long-term fiscal situation, the only way is through faster growth, not inflation, which could lead to hyperinflation like in 1930s Germany. If you grow faster than your economy can catch up, you can pay down debt as you grow, which is why there's a push for a higher rate of growth.

The fundamental goal of the administration's economic policy is to reverse decades of reliance on cheap labor and support American innovation and manufacturing.