[lukas099]

The Fed's job is to keep the value of currency steady and support full employment, not to play games with Congress.

[onlyrealcuzzo]

The dollar index is well within its normal range.

No amount of buying corporate debt will keep people employed.

This is to artificially reflate asset prices.

[hnaccy]

How can the Fed support full employment if governments are forcing people to stay inside and business to close?

[OscarCunningham]

By making lending to the closed businesses so attractive that they can stay open over the course of the quarantine. (Likewise people can stay fed.)

[onlyrealcuzzo]

But that's not what this is doing at all. This is keeping existing corporate debt artificially priced.

Unless they lower rates to negative, new debt isn't getting any cheaper.