what does full employment have to do with creating money out of thin air?
are you saying that if employment goes under full, then all that money that was created will come home to roost in hyperinflation? or are you saying that only when you have full employment it won't return as hyperinflation? we were no where near full employment when that money was dreamt into existence. if it didn't come home to roost by now, it can be logically be argued that it never will.
i agree, the wage growth has been on the uptick since Trump took office, i don't know that it is a direct result of his stimulus though. often wages rise when there is full employment due to several factors. one being the supply and demand aspect and another being companies wanting better employees so they have to pay more.
the reason why the FED didn't raise rates was because Trump backed them into a corner. had they raised them and the economy started to tank , then Trump would have lambasted them, whether they were the real reason or not.