Wow! Reading comprehension problems as well.
When the Fed prints money, they print money. Sorry you're confused about lending and inflation.
Don't bother to try again.
I know, trying to talk economics to a stump is a waste of time.
And when they print 700 billion followed by another 800 billion in this porkulus package, throw in the money multiplier effects of banks and fractional reserve banking, yes you are going to get inflation.
What you are saying regarding lending makes sense in that it will not cause inflation, but ONLY to a degree. Inject this much money into the banking system as compared to GDP, and yes you will get inflation.