News Summary

• The Federal Reserve has been risking the economy to influence the upcoming midterm elections, says Julian Zelizer.
• Zelizer: The Fed has been pumping up the money supply in an orgy of Qualitative Easing and has refused to cut interest rates.
• He says inflation is not caused by an "overheated economy" as the Keynesians at the Fed would have us believe, but rather by an increase in theMoney supply caused by the Fed itself.
• The public is still angry about inflation and is now blaming Trump, Zelizer says.