Steven Kelly on Crises, Stability, and the Fed’s Role in Financial Markets
Macro Musings with David Beckworth
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Is the Fed Going to Take Derivatives?
The fete has dipped its toe in the pool of derivatives back in two thousand eight with madein e lane. The question is, can the fed sort buy a portfolio? We think about te corpora bond interventions, or some market based intervention. Can the fed act as dealer, the last resort in derivatives? They actually use section four four when they set up s p v b to help rescue bar sterns.
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