The additional reserve dollars allow banks to offer more loans at lower interest rates and buy other assets (mbs) that they normally wouldn't buy. When banks p

The additional reserve dollars allow banks to offer more loans at lower interest rates and buy other assets (mbs) that they normally wouldn't buy. When banks purchase these assets, cash is handed to entities selling these assets. Since there's A LOT of money to be loaned, banks are bidding against each other on such assets and to hand out loans asap. This is causing inflation. And yes, it's only hidden because you are rich. Ask someone making $30k a year how they are feeling about the "minor" inflation