The Fed Has Multiple Tools, Liquidity Provision

The Fed can use interest rates to target inflation and the real economy. It has a bunch of other tools, liquidity provision, where what's the current crisis? Most banks are solvent, but some don't have enough money in the vault. The amount of betting on what the Fed's going to do since Silicon Valley collapsed has been amazing. Nick Gillespie: Nobody used to care about these terms because we like our central bank to be boring.