Steven Kelly on Crises, Stability, and the Fed’s Role in Financial Markets
Macro Musings with David Beckworth
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Can the Fed Be Secured to Their Satisfaction?
Iconna: I don't think we ever reached the point that it was necessary for the fed to intervene. The lots of collateral lending against sort of these agricultural type goods is basely classic central banking, right? We saw evidence of lacking adequate credit in all these things. And so i comet just wanted to get ahead of it and say, like, this isn't a climate thing. It's really about fixing the financial market problem. Soi was just starting to think through those problems and really come to the assessment that the fet could legally do this.
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