Sounds like they’re not pumping money into the economy, but into the BANKS. Banks don’t directly produce anything but debt...
That is accurate, but their intentions are for the banks to lend the money out so it circulates through the economy. For some reason, Bernanke has been dumbfounded as to why banks are now being more responsible with their lending practices as opposed to handing money away to anyone who walks in. His solution - give them more money!