That’s still not “printing money”.
Printing money is an increase in the Federal Reserve’s nominal balance sheet size. You are conflating 2 different things.
1. The Fed lowers the target Fed funds rate HOPING to stimulate PRIVATE loan demand.
2. The Fed engages in QE by purchasing assets (usually govt and mtg bonds) with freshly minted (digital) money supply thereby directly injecting it into the economy. (There is a nuance here but it’s not meaningful to this discussion so I won’t go into it)
Also, loan creation has typically DECREASED at the beginning of periods where the Fed lowers rates. Why? Because we tend to be at the beginning of a contraction in the economy and people are scared to take out new loans. At any rate. Initially. Look at 2001 and 2008/9 as great examples of this.
If you don’t believe me, Ask nostr:npub1d3f4m9dgvkdjxn26pqzsxn6lpfn78sxwllxyt8mp76q0a9zyyjlswhr4xv or nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz4mhxue69uhkummnw3ezumtpd35kutn0dekqz9nhwden5te0wfjkccte9ec8y6tdv9kzumn9ws56965n
PS
Not trying to be argumentative. Just see lots and lots of Nostriches not versed in the plumbing of finance.
PPS
ACTUAL “money printing” is coming IMO. In 2026/7 as the AI and CRE bubbles pop creating trillions of losses requiring effective subsidisation/sterilisation.