Fed's Powell says central bank has no desire to run though financial markets like "an elephant," in response to a question about Fed corporate bond buying.🤔👇 pic.twitter.com/KuiVnHCG1E
— M/I_Investments (@MI_Investments) June 16, 2020
Powell Says the Fed Doesn’t Want to ‘Run through the Bond Market like an Elephant’
Powell said the central bank’s announced move this week to buy corporate bonds fulfills a pledge it had made earlier but is not an effort to take over the market.
In this debt/deficits don't matter world, hard to phathom how America is going to pay for this
With income disparity at record highs, who is going to pay for this? Some version of mmt is in play already
But, maybe clue.
Note Trump's cherry on top.t.co/zt6YXXYmBv
— G Stockus (@beatlesonbankin) June 16, 2020
Impossibly RICH that Powell calls out inequality Fed policy CREATED
Powell "The burden of downturn has not fallen equally on all Americans. If not contained & reversed downturn could further widen gaps in economic well-being that long expansion had made some progress in closing"
— Danielle DiMartino Booth (@DiMartinoBooth) June 16, 2020
Jerome Powell vs. Steven Mnuchin ⚔️ pic.twitter.com/rD4JrwhKgy
— Morten Lund (@meremortenlund) June 15, 2020
Fed's Clarida: More fiscal and monetary support may be called for pic.twitter.com/uyNJoIEsMA
— Amit Noam Tal (@amital13) June 16, 2020
Fed: “Don’t look at us” 🤷♂️ t.co/lQGzOhUtWJ
— Greg S. CFA (Chartered Federal Reserve Analyst) (@GS_CapSF) June 16, 2020
Cheaper than ever (S&P500) pic.twitter.com/bb207uYCtn
— Roberto Mulazzi (@robertomulazzi) June 16, 2020
Scott Minerd: Markets May Crash So Badly the Fed Has to Start Buying Stocks
“There’s a point where the Federal Reserve is going to have to pull out a bazooka,” Minerd said in an interview. “And I think the option of buying stocks on the part of the Fed is on the table.”