The conversation between human and AI assistant.
Does GDP of 18 trillion dollars means U.S federal bank is printing that much money yearly?
Can you explain how the federal bank prints money?
Sure! The Federal Reserve Bank controls the money supply in the United States. To increase the money supply, the Fed can buy government bonds from banks. This will give the banks more money to lend out to consumers, leading to an increase in the money supply. Conversely, the Fed can decrease the money supply by selling government bonds.