Assertion: reserve's policy | /r/CapableOf | set the stage
Facets:
value: for higher inflation
type: PURPOSE
Source sentences:
text: Republicans for years have been yearning for a rules-based Fed, arguing that during the Obama administration, the Fed’s policy of keeping its benchmark interest rate near zero and buying trillions of dollars in assets to further lower long-term rates hurt seniors, whose savings benefit from higher interest rates, devalued the dollar and set the stage for higher inflation.