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A comment on For the First Time, the Fed Is Losing Money. Parent comment
They can print reserves, which is only usable with-in the Fed's inter-bank settlement system.
The actual money in the economy is created by banks through issuing credit:
> Most of the money in the economy is created, not by printing presses at the central bank, but by banks when they provide loans.
* https://www.bankofengland.co.uk/explainers/how-is-money-crea...
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They can print reserves, which is only usable with-in the Fed's inter-bank settlement system.
The actual money in the economy is created by banks through issuing credit:
> Most of the money in the economy is created, not by printing presses at the central bank, but by banks when they provide loans.
* https://www.bankofengland.co.uk/explainers/how-is-money-crea...