PE55: Floored interest rate policy (X)

<p>Check out show sponsor Coinkite: https://coinkite.com/</p> <p>Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/</p> <p><br></p> <p>This is the fifty-fifth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.</p> <p><br></p> <p>Contents</p> <p>00:00 Intro</p> <p>00:55 From discount rate to Discount window</p> <p>05:25 2006 regulation allowing &#39;Interest on reserves&#39;</p> <p>07:38 IORR and IOER are dotted lines</p> <p>09:35 How and why a &#39;corridor system?&#39;</p> <p>11:34 Floored!</p> <p>19:40 It&#39;s definitely possible to lend any and all reserves...</p> <p>20:18 ...Unless you have an IOR (floor) system</p> <p>21:55 Not just Bernanke; Yellen &amp; Powell too</p> <p><br></p> <p>Here we look at the Federal Reserve&#39;s weekly balance sheet versus its base policy interest rates.</p> <p><br></p> <p>The Fed has claimed they operate a &#39;Corridor system.&#39; In reality, the system has been flooring interest rates since 2008, and I explain why in this video.</p> <p><br></p> <p>https://porkopolis.io</p> <p>https://twitter.com/crypto_voices</p> <p><br></p> <p>Show content is not investment or financial advice in any way.</p>