Fed Throws Junk Bond Lifeline to Weak Companies

Cornelius Hurley, School of Law, Center for Finance, Law & Policy

Struggling companies that otherwise might not be able to stay afloat have found a friend in the Federal Reserve…

Expert quote:

“We’re paying the price for a dysfunctional system. Fiscal policy is dead in the water because of the political stalemate in Washington, and as a result the Fed in its monetary policy role has to overcompensate.”

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