/biz/ - Business & Finance

>>22764084
>The Fed doesn't have reserves
Its all right here in OMO description: https://www.newyorkfed.org/aboutthefed/fedpoint/fed32.html

>fractional reserve banking
This model can't work anymore because there is no reserve requirement as of March, and most other central banks got rid of it years ago. You can't prove how base money has any affect on money in circulation.
https://www.federalreserve.gov/monetarypolicy/reservereq.htm

>You don't know about muh Fed Funds
This is the Feds definition
>The federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight. When a depository institution has surplus balances in its reserve account, it lends to other banks in need of larger balances. In simpler terms, a bank with excess cash, which is often referred to as liquidity, will lend to another bank that needs to quickly raise liquidity.
Nothing in there about directly influencing goy rates

>sauce
this for bank lending:
https://www.federalreserve.gov/releases/h8/current/default.htm

pic related for the % change in money supply growth.