Home › Forums › Financial Markets/Economics › Can someone explain to me what the FED did this week? › As near as I can tell, all
As near as I can tell, all they did was exchange money on paper for paper money. In other words they turned on the printing presses allowing banks to cash some checks. The money was already there, but only in bits and bytes on a computer. Now there are actual greenbacks.
Am I close? Anyone else?