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The Fed is addicted to propping up the markets, even without a need

June 17, 2020

On Monday, the Federal Reserve announced it was expanding its program to get more credit into the hands of large corporations by buying a broad cross-section of investment-grade bonds, part of its pledge to inject $4 trillion into the global financial system to lessen the blow of a pandemic-induced recession.

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The Fed is addicted to propping up the markets, even without a need