The Importance of Net Money Printing in QE

Swap lines are unrelated to QE and or inflation. There are financial system stabilizers to ensure dollar funding is not disrupted. Lyle Pratt says a European bank has underwater treasuries Fed accepts them at par and gives them dollars, which they either lend or hand out when deposits are redeemed. This swap line lets banks and foreign governments hold US treasuries with zero downside or nominal risk, ensuring us debt demand.