Here’s A Quick Breakdown Of The Fed’s ETF Portfolio
The Fed revealed the breakdown of its ETF holdings for the first time on Friday, eliciting derision from critics, who digitally shouted about "moral hazard" and pretended to be incredulous, despite having two months to come to terms with the reality of Jerome Powell backstopping the corporate credit market.
If there was anything surprising in the details, it was the number of ETFs the Fed bought - 15.
Predictably, the largest holding is LQD (the most popular IG credit product). The Fed's posit
For practical purposes what number above 7 trillion becomes the equivalent of infinity.(not by definition) ????
The Japanese central bankers think Powell is a weenie. You’re not a real central banker until you start buying equities.