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The Fed Could Roll Out De Facto Fiscal Policy Under Section 13(3)

by Eric Winograd
Conventional wisdom says the Fed is pretty much out of tools to support markets and an economy derailed by the coronavirus. But if things don’t stabilize soon or if the fiscal response is too slow, we expect the Fed to take on broad fiscal-like authority to funnel liquidity into struggling businesses and households.

Coronavirus, Economics, Equities, Fixed Income, Volatility


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