More Bernanke testimony
February 24, 2010 at 15:20 PM EST
> > (email exchange) > > On Wed, Feb 24, 2010 at 10:37 AM, wrote: > > It’s not worthy of any comment, other than to show that even the Fed doesn’t > understand its own operations: > “These constraints will discourage institutions from lending their reserve balances as they continue to work to stabilize their operations.” > > Banks don’t lend from their reserve balances. That’s a fact. [...]