PE55: Floored interest rate policy (X)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the fifty-fifth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:55 From discount rate to Discount window 05:25 2006 regulation allowing 'Interest on reserves' 07:38 IORR and IOER are dotted lines 09:35 How and why a 'corridor system?' 11:34 Floored! 19:40 It's definitely possible to lend any and all reserves... 20:18 ...Unless you have an IOR (floor) system 21:55 Not just Bernanke; Yellen & Powell too Here we look at the Federal Reserve's weekly balance sheet versus its base policy interest rates. The Fed has claimed they operate a 'Corridor system.' In reality, the system has been flooring interest rates since 2008, and I explain why in this video. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.

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