Apr 10, 2020

The Fed makes money like magic

The Federal Reserve's lending system is much more like printing money than it is borrowing. Eva Hambach/AFP via Getty Images

Innovation from the likes of Amazon and WeWork to make the COVID-19 workplace function. Wholesale food businesses turn to door-to-door delivery. Where does the Federal Reserve find $2.3 trillion?

Segments From this episode

COVID-19

Wholesale food businesses ship directly to consumers to meet demand

by Victoria Craig

Apr 10, 2020

With some supermarket shelves empty, food providers turn to door-to-door delivery.

Empty shelves where packets of flour would normally be stocked are pictured below half-empty egg and sugar stocks in a north London supermarket.

Isabel Infantes/AFP via Getty Images

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Econ Extra Credit with David Brancaccio

How does the Fed find an extra $2.3 trillion?

by David Brancaccio and Candace Manriquez Wrenn

Apr 10, 2020

Turns out it's much more akin to printing money than it is to borrowing.

The central bank announced yesterday it's making more money available to counteract the economic effects of the pandemic.

Karen Bleier/AFP via Getty Images

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Music from the episode

The Boss Pete Rock

The team

David Brancaccio Host

Victoria Craig Host, BBC

Stephen Ryan Senior Producer, BBC

Jonathan Frewin Producer, BBC

Daniel Shin Producer

Jay Siebold Technical Director

Meredith Garretson Morbey Senior Producer

Alex Schroeder Producer

Erika Soderstrom Producer

Rose Conlon Producer

Brian Allison Technical Director

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