It's kind of shocking, when it comes to how irresponsible it is. It's emblematic of a desire to, essentially, increase corporate power.
Federal Reserve
… and support politically favored markets, which - 10596 and support politically favored markets, which include housing and even corporate debt. Over half of COVID-era deficits … - page 734
… Federal Reserve balance sheet purchases should - 10597 Federal Reserve balance sheet purchases should be limited by Congress, and the Federal Reserve’s existing balance sheet should be … - page 734
… Limit future balance sheet expansions to - 10598 Limit future balance sheet expansions to U.S. Treasuries. The Federal … - page 734
… asset classes. Above all, this means - 10599 asset classes. Above all, this means limiting Federal Reserve interventions in the mortgage-backed securities market. It also means eliminating Fed interventions in corporate and municipal … - page 734
… in longer-term government debt, mortgagebacked securities, and corporate and municipal debt can distort the pricing process. This more closely resembles … - page 734
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