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Re:More money than anyone imagined: an explanation for why t... by whatshisface on Friday July 26, 2019 @03:16PM (#20537550)
Fed interbank interest rates aren't the same thing as treasury bond interest rates. Yes, when money is cheap bonds become almost worthless, that can be seen in the market right now. However the cash party isn't for people buying bonds, it's for people with access to the inside track of low-interest money.
Re:More money than anyone imagined: an explanation for why t... by deogeo on Friday July 26, 2019 @03:23PM (#20537611)
So when talking about 'fed interest rates', what is meant is https://en.wikipedia.org/wiki/Federal_funds_rate ?
Re:More money than anyone imagined: an explanation for why t... by whatshisface on Friday July 26, 2019 @03:30PM (#20537667)
Yes, that's the interest rate that impacts the money supply (along with other factors) by greasing bank's balance sheets. Treasury interest rates are set by the market, they are whatever they have to be to get people to buy government debt.