Federal Reserve asset purchases aimed at supporting the financial system and economy during the coronavirus pandemic were largely a hoax that exposed taxpayers to major losses, according to a paper that counted former Fed employees as authors. goes.
Research made public Monday by the Hoover Institution, a conservative-leaning think tank at Stanford University, takes stock of the central bank’s very aggressive campaign of Treasury and mortgage-bond purchases that began in the spring of 2020. Purchasing was the first target. On supporting…
Derby’s Tech: Buying New Paper Rips Fed Asset as a Stimulus Tool
Federal Reserve asset purchases aimed at supporting the financial system and economy during the coronavirus pandemic were largely a hoax that exposed taxpayers to major losses, according to a paper that counted former Fed employees as authors. goes.
Research made public Monday by the Hoover Institution, a conservative-leaning think tank at Stanford University, takes stock of the central bank’s very aggressive campaign of Treasury and mortgage-bond purchases that began in the spring of 2020. Purchasing was the first target. On supporting…