Which is something that pumping $3 trillion into M2 will certainly achieve.
https://fred.stlouisfed.org/series/M2
What else it will achieve is another matter entirely
Are his dovish views all that different from his predecessors, Janet Yellen or "Helicopter Ben" Bernanke?
You seem to be insinuating that he is an undeserving lackey, something like a Betsy DeVos. But I just don't see the evidence for that.
The quality essentially required of a reserve currency being that it doesn't do this.
Definitely popcorn time - also don't own long date low interest rate bonds time. Which would be most of them. Oops.
Also, this administration has been very active in getting money into the hands of the consumers directly. And also trying to shift work away from China back to the states
And welcome to Hacker News.
Trump got elected because of the working class who typically don’t see the light of increasing stock market. May be they should and may be having some kind of mandatory 401k match the administration was proposing at some point would help them but by and large they don’t.
China is one area I think he has been more consistent with. But the market largely doesn’t benefit from that. That’s why market cheered when the trade deal was signed and now Wall St is largely behind Biden camp hoping the status quo persists. If anything stock market wants to see rising China and stable relationships even though it might hurt long term bottom line and jobs here in US.