Where Does the Fed Get the Trillions that it Lends Out?

#federalreserve #qe #moneyprinting #credit #money #fiatcurrency #gold #peterseninstitute #centralbankers

Today I go over some comments and an interview that Jay Powell, the Fed chairman, did with Adam Posen of the Petersen Institute for International Economics on Wednesday, May 13th 2020.

I have noticed that the Fed chairman has been trying to put the public off the scent of the Fed's money printing or the money it has been creating out of thin air by saying that "the Fed does not spend, it lends"

My conclusion is that Mr Powell is not being upfront as the only way the Fed can lend money or credit is to first create it out of nothing in order to buy Treasury securities and other securities that inject the money into the system or economy.

"An Economic Update by Fed Chair Jerome H. Powell": https://www.piie.com/events/economic-update-fed-chair-jerome-h-powell

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