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by darwinwhy
1174 days ago
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When I think of an investor, I think of someone who picks and choses specific companies or sectors of the market to invest in. I'm curious what the Fed's tools allow it to invest in specific companies or sectors other than the economy as a whole. Can they get more targeted than an individual bank? Or is that the limit of their targeting power? |
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They have a trading desk.
I can’t find the doc now but early pandemic there was some uproar that the desk started to buy “junk” aka things that weren’t worth the price paid.