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A comment on America’s banks are missing hundreds of billions of dollars. Parent comment

Re:America’s banks are missing hundreds of billions of dollars by pauljurczak on Wednesday March 22, 2023 @02:12AM (#35257432)
> it printed too much money in 2020/21 and is causing inflation, so it raises rates very quickly.

It printed too much money in 2008 and the following years. It raises rates very quickly now, because each time Fed tried to raise the interest rates or reduce their balance sheet after 2008, the political pressure made them backtrack. This Frontline documentary has a pretty good take on it: https://youtu.be/EpMLAQbSYAw.

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Re:America’s banks are missing hundreds of billions of dollars by cudgy on Wednesday March 22, 2023 @03:39AM (#35257975)
> the political pressure made them backtrack

Wasn’t the fed created to some extent to prevent political will from whipsawing the credit markets? How did the politicians force the fed? Isn’t this expected? The fed did it to themselves.

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