If things get uglier, will the Fed buy high yield bonds? They’ve proven they’ll flout the law by skirting the Federal Reserve Act by buying securities prohibited by law through special purpose vehicles. Curious on your views.
Graph care of DB’s Slok
@Quillintel pic.twitter.com/AWoIfBSLsi
— Danielle DiMartino Booth (@DiMartinoBooth) March 27, 2020