2min chapter

Wall Street Unplugged - What's Really Moving These Markets cover image

How to survive the painful summer ahead

Wall Street Unplugged - What's Really Moving These Markets

CHAPTER

The Fed's Decision to Save the Financial Markets

The US spent $430 billion out of the $700 billion in top that was allocated to save financial markets, he says. "If you're looking at the US alone, it's what $12 trillion that we spent on COVID alone" The Fed made a mistake by saying inflation is going to be transitory so they bought mortgage backed securities right into it, writes Obama. 'They have no power unless they bring it down'

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