It's not Trump's decision, it's the Fed's.
Can't the President tell the chairman of the fed to stop doing QE? I mean it was a scheme concocted in large part with the help of the last President and the Fed chair.
One must first acknowledge QE for what it is. It has absolutely positively nothing to do with pumping up the economy. It's sole purpose for the last eight years has been to finance government by printing up new money. And it may have started with the last President and Fed chair, and even more importantly, Nancy Pelosi and Harry Reid. But after just two years, John Boehner and Mitch McConnell took over those roles and continued to accept freshly minted cash from the Fed instead of borrowing already existing dollars on the open market, thus creating an economic impossibility of inflation outpacing interest rates.
Boehner and McConnell would later make the problem even worse by suspending the [fake] debt ceiling, and allowing the President to spend whatever he wanted to spend out of this new money. In my harsh opinion, it was high treason.
And that brings us to today. Government continues to spend close to $1 trillion more than it takes in. And it continues to make up the difference through new money issued from the Fed instead of raising money the old-fashioned way - by selling Treasury notes. (Which is why interest rates remain artificially low).
So what can Trump do? First and foremost, he can push for a balanced budget. He could reduce federal spending to 18% of GDP. He could put an end to baseline budgeting. And he could push for a flat tax so that every working American becomes vested in what our Treasury does.
Our national debt is the single most destructive force to the future of our country. If we continue down our current path, then the day will come when Saudi Arabia and other oil producing nations will declare that they will no longer accept US dollars for oil, choosing instead Swiss Francs, British pounds, or even worse, Chinese Yuan. And when that day comes, Americans will learn just how worthless all that newly-printed money really is.
