FED Chair Explains How He Flooded The System By Printing Money Causing The Inflation We See Today

Jerome Powell The FED Chair Explained How He Flooded The System By Printing Money Causing The Inflation That We See Today

CBS Pelley: Fair To Say You Simply Flooded The System With Money?

Powell: Yes. We Did. That's Another Way To Think About It. We Did.

CBS Pelley: Where Does It Come From? Do You Just Print It?

Powell: We Print It Digitally. So As A Central Bank, We Have The Ability To Create Money Digitally. And We Do That By Buying Treasury Bills Or Bonds For Other Government-guaranteed Securities. And That Actually Increases The Money Supply. We Also Print Actual Currency And We Distribute That Through The Federal Reserve Banks.

Date Aired: May 13, 2020, From 60 Minutes

OTHER PLATFORMS:
• Telegram: https://t.me/JustDudeChannel
• Gab: https://gab.com/JustDudeChannel
• Minds: https://www.minds.com/justdudechannel/?referrer=justdudechannel

SUPPORT JUST A DUDE:
• PayPal: https://www.paypal.com/donate/?hosted_button_id=ZVLUAL35XSG9W