The market interest rate is being artificially held down (not pushed up) by the massive amount of excess bank reserves, since the rate is determined by supply and demand for money/bank reserves and the enormous excess supply drove the rate to near zero in fall 2008.
causalpending
Speaker
John TaylorEvidence Quote
“this interest rate in the markets determined by the supply and demand for money in the market bank reserve so there's this incredible excess of reserves which drove the interest rate down to near zero”
Created: 6/15/2026, 9:17:28 AM
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