The Fed implemented quantitative easing by paying interest on reserves to commercial banks to prevent created money from flowing into the economy and causing inflation—a procedure used in the 2010s and early 2020s and ongoing to date.
factualpending
Speaker
Jim GrantEvidence Quote
“the Fed um uh paying these interest rates to commercial banks uh so that the money the Fed created would not get out into the economy and precipitate an inflation.”
Created: 8/12/2026, 10:39:06 PM
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