The Fed wants to stimulate bank lending, charts show the Fed failed

MishTalk/Mish Shedlock

Repost from 4-22-2021

“Wrong, Wrong, Wrong. Banks did not “pile into cash”. Nor did they “suck in” deposits.  Rather, the Fed crammed money down the throats of commercial banks via QE policy although the banks have little demand for loans.”

USAGOLD note: Shedlock tacks against the rising tide of inflationism with this analysis that argues disinflation, even deflation, might be the more likely future scenario. The Fed is pumping money into the commercial banks, but as was the case during the quantitative easing experiment following the 2008 financial crisis, very little is making its way to Main Street America.

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