Central banks don't print money. They type it.
It's called quantitative easing — a last-resort tool when rate cuts can't go lower. The bank types new reserves and buys government bonds.
The US central bank's pile peaked near 9 trillion dollars in 2022. It stopped shrinking in December 2025.
Catch: that money lifts stocks and houses first. About 40% of the gains went to the richest 5% of households.



