Excellent NY Fed staff report on qantitative easing
July 30, 2009 at 10:09 AM EDT
[Skip to the end] This should be more than enough to dismiss concerns of reserves influencing lending, apart from price. Hope they do a full public relations effort on this. A touch weak on fully dismissing the ‘money multiplier’ but certainly 99% ‘there:’ NY Fed Staff report: “The general idea here should be clear: while an individual bank may [...]