Zoltan Pozsar and Perry Mehrling On The Historic Crisis Of Financial Market Plumbing
Odd Lots
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Exploring the Fed's Expanding Role in Financial Markets
This chapter delves into the Federal Reserve's increasing participation in financial markets, especially through the acquisition of treasuries and private credits. It raises critical questions regarding the implications of such interventions on the Fed's traditional mandate and the risks associated with supporting failing industries during economic crises.
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