More Bernanke testimony

>    >   (email exchange) >    >   On Wed, Feb 24, 2010 at 10:37 AM, wrote: >    >   It’s not worthy of any comment, other than to show that even the Fed doesn’t >   understand its own operations: >    “These constraints will discourage institutions from lending their reserve balances as they continue to work to stabilize their operations.” >    >   Banks don’t lend from their reserve balances. That’s a fact. [...]
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