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Date
Summary
Fed’s Jerome Powell Says We Flooded the System with Money
Subjects
Source
X (Formerly Twitter)
Name: X (Formerly Twitter)
URL: https://twitter.com/
Show
60 Minutes
Name: 60 Minutes
URL: http://www.cbsnews.com/sections/60minutes/main3415.shtml
Persons
Scott Pelley
, Jerome Powell
Name: Scott Pelley
Employment: CBS News
Position: Anchor
Name: Jerome Powell
Employment: U.S. Federal Reserve System
Position: Chairman
Event
Event location
–
Uploaded
05/25/2022 07:39 am
Owner
Alex (staff)
Type
Video
Format
MP4 (1280x720)
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Duration
0:00:31
Views
19
Purchases
0
Social views
0
Transcript
PELLEY Fair to say ░░░░░░░░ simply flooded the system ░░░░░░░░ money Powell Yes We ░░░░░░░░ That s another way ░░░░░░░░ think about it We ░░░░░░░░ PELLEY Where does it ░░░░░░░░ from Do you just ░░░░░░░░ it Powell We print ░░░░░░░░ digitally So as a ░░░░░░░░ Bank we have the ░░░░░░░░ to create money digitally ░░░░░░░░ we do that by ░░░░░░░░ treasury bills or bonds ░░░░░░░░ other government guaranteed securities ░░░░░░░░ that actually increases the ░░░░░░░░ supply We also print ░░░░░░░░ currency and we distribute ░░░░░░░░ through the Federal Reserve ░░░░░░░░
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