Birdwatch Archive

Birdwatch Note

2023-03-17 17:58:59 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

The Fed opened the discount window that allows banks to post Treasuries/other securities in exchange for cash. A bank can post discount bonds (worth 95) for 100 from the Fed. There is only a modest % of money creation relative to the $300B. https://www.bloomberg.com/news/articles/2023-03-17/what-is-the-fed-discount-window-why-are-banks-using-it-so-much?srnd=premium

Written by 1A427DC96930E070DAAB4A627E77676552AD3816D112E6FE5AB755C27E0A83BA
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• ID - 1636789238673944578
• noteId - 1636789238673944578
• participantId -
• noteAuthorParticipantId - 1A427DC96930E070DAAB4A627E77676552AD3816D112E6FE5AB755C27E0A83BA Participant Details
• createdAtMillis - 1679075939231
• tweetId - 1636474330480803840
• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
• believable -
• harmful -
• validationDifficulty -
• misleadingOther - 0
• misleadingFactualError - 1
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• summary
• The Fed opened the discount window that allows banks to post Treasuries/other securities in exchange for cash. A bank can post discount bonds (worth 95) for 100 from the Fed. There is only a modest % of money creation relative to the $300B. https://www.bloomberg.com/news/articles/2023-03-17/what-is-the-fed-discount-window-why-are-banks-using-it-so-much?srnd=premium