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Buying corporate debt is not a fiscal decision. If the Fed wanted to do that today, there is no law on the books stopping them.

Fiscal policy concerns how much the government spends, and on what.

Furthermore, you only own a company when you own its equity, not its debt.

No offense, but for someone who seems so worked up about what the Fed might do to us, you seem rather uninformed on the basic facts of what it actually does and how.