https://www.investopedia.com/articles/investing/081415/understanding-how-federal-reserve-creates-money.asp https://www.investopedia.com/articles/investing/08141

https://www.investopedia.com/articles/investing/081415/understanding-how-federal-reserve-creates-money.asp https://www.investopedia.com/articles/investing/081415/under... Basically, banks are the ones that get the money. The Federal Reserve buys Treasuries or other financial papers with the "new" money. Banks can then turn around and loan that money. So, institutions and individuals in good terms with banks are then which benefit from the "new" money (if you get easy loans, you can get real estate, buy stocks, etc...)