The Role of the Federal Reserve in Preventing Economic Disaster

The Fed was almost thinking about buying open-ended mutual funds. That's basically just beyond junk funds. So they were going very far. This is never public before. But I guess it just suggests that if something like this happens again, and there are still no actions taken, then I think the actions that Fed took in 2020 won't age as well. They won't look as good in the future if they end up perpetuating the cycle of running to the rescue, but not doing fire prevention once you get past the fire.