There is no earthly way that the Federal Reserve can guarantee everyone's deposits. Commenters here are focused on the inflation, because that was the gist of the article quoted, and yes, printing money causes inflation. However, we are talking several orders of magnitude difference as I pointed out in my other comment.

This is a Federal Reserve panicking. They are trying to appear to be doing something, but their measly 25 billion, which is certainly inflationary, will literally cover just over 0.1 % of the money held by the public.

They claim they are calming the public, but I don't believe them. AT ALL.

Do you feel safe yet?

Of course, most of the public will probably not withdraw all their money. Most can't, because it is invested in say: real estate. And to divest that, would mean putting themselves out of their own homes. So there is a buffer. But what if 1% of people wanted their money in cash now? That is nearly ten times the 25 billion figure.

I see that the rot is spreading as more banks have stopped trading. The noose is tightening.