How well is the Fed managing this crisis?
Article on NY Mag: Why the Fed Was the Part of Government Most Ready for This Crisis (https://nymag.com/intelligencer/2020/04/why-the-f…)
"In the last crisis, the Fed started buying long-term government debt and mortgage bonds. Now, in partnership with the Treasury Department, it buys corporate and municipal debt. These direct interventions in diverse parts of the credit markets give the Fed more control over interest rates in more places and therefore more ability to maintain stable financial conditions that help keep the economy healthy. As a result, the Fed has had more juice than you might expect, given the very low interest rates that we entered this crisis with."
Do you agree with what this article is saying?
Time will tell. You have to realize that the Fed can't predict the future. Ideally, their actions will be politically independent and will result in neither an over nor an under correction. I recommend reading the book, or at least the first half, *Secrets of The Temple: How the Federal Reserve Runs the Country. *
Fed has ruined sound money
Are you worried about short-term deflation followed by long term inflation?
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