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Why The Federal Reserve's Power Is 'Limitless'

FiveThirtyEight Politics

The Fed Shouldn't Have Done as Much Bond Buying as It Did

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Both the left and right have been pretty critical of the ways that the Fed has behaved. The idea there was to keep interest rates super low so that when the recovery set in, it would be very strong. Unfortunately, it collided with a situation in which demand was already really strong because the government had just set out a bunch of checks.

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