Peter Stella on Fed Losses, Backdoor Fiscal Stimulus and Credit Easing
Macro Hive Conversations With Bilal Hafeez
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The Role of Debt Limit in the Obama Administration
When the Fed did it, okay, it's just a decision of the FOMC. There was political cost to pay by the government. It had to declare sort of a stable emergency and so on and so forth. Now contrast that with the Fed, which at some point Ben Bernanke, everyone was talking about shrinking the balance sheet,. You know, getting rid of these assets. And there's great contrast to show.
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