How the Fed Opened Pandora’s Box

New York Times: “Its actions may set a precedent for the subsequent financial disaster, one during which Fed officers — insulated from voters by design — are left making sweeping choices that form which companies, governments and financial sectors thrive and which of them wrestle.”

“Central bankers tried to keep away from choosing winners and losers in 2020, at occasions resisting partisan stress to take action, however that usually owed to the personalities in cost reasonably than to strict authorized limitations.”

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