nostr:npub19fcv2nflra09c6p9xz8c8detwj6uy07u4z4m25qh836mnvxtatdq6aay3c As the Fed is considered to be a borrower with zero default risk, because it is the central bank of the de facto world reserve currency, the interest rates it pays on reserve deposits and one-day loans establish a floor for all other loans or investments with nonzero risk.

In other words, it creates new money and gives that to rich corporations, to reward them for not lending to you or investing in you too cheaply.