Macro Musings with David Beckworth cover image

Paul Tucker on *Global Discord: Values and Power in a Fractured World Order*

Macro Musings with David Beckworth

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Is the Fed Going to Be a Market Maker of Last Resort to the Shadow Banking System?

David Frum: The Fed's expanded use of its liquidity facilities during the pandemic. He says it also introduced a foreign institutional monetary repo line, which opened the door for China. "I think using the central bank to steer credit to particular sectors or away from a particular sector is problematic," he says. 'We're going into a century where India is going to be a power'

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