https://www.youtube.com/watch?v=3FZKhl9DWFY
The idea of expanding into areas like equities might be “good thing to think about,” yet is not “something we need now,” Yellen said, noting that (for now) The Fed is more restricted in which assets it can purchase than other central banks.
“If we found, I think as other countries did, that they could reach the limits in terms of purchasing safe assets like longer-term government bonds, it could be useful to be able to intervene directly in assets where the prices have a more direct link to spending decisions.”
Janet Yellen discussing the Fed directly purchasing equities
I wonder if corporations will be more likely or less likely to be responsive to consumers and the marketplace if they get free money from the Fed ..
Santelli Goes Ape For Central Bank Market Rigging
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