Is Liquidity Enough?
Every week brings more injections of liquidity into the global banking system by the US Federal Reserve and the European Central Bank. But healthy spending and production no longer depend only on the soundness of the banking system and public confidence in its stability.
https://prosyn.org/DasyL91
Every week more liquidity is injected into the global banking system by the United States Federal Reserve and the European Central Bank. The average interest rate paid for overnight reserves in the US has been well below the 5.25% per year that the Fed still publicly says is its target.