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No, it doesn't give money to people, these injections allow people(large companies) to save money, which is like giving money to people. Without the Fed providi
by undersuit 7y ago
No, it doesn't give money to people, these injections allow people(large companies) to save money, which is like giving money to people. Without the Fed providing liquidity, the market can and will, but the market has it's own ideas about the rate to perform overnight lending.
The market and the Fed have been disagreeing with that rate for what over two years now?
- glitcher 7y agoMost people I know are not large companies. They live paycheck to paycheck, and some lost their work shifts for the rest of March _already_.