Monetary policy is not used to redistribute wealth.

Monetary policy is not used to redistribute wealth.

But doesn’t QE help borrowers and hurt savers?

Fiscal policy affects aggregate demand and the distribution of wealth. But it not always hurt borrowers and help savers.

It the situation of contractionary monetary policy where the interest rate are high to reduce the borrowings and increase the savings, To reduce the impact of high inflation.

But if the moneatry policy is expansionery in this situation interest rates are low and people induce to take more borrowings.