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> The next big thing would be for the Fed to start buying stocks directly There's a ZeroHedge article that says this would require Congress. Is that true?
by lordnacho 7y ago
> The next big thing would be for the Fed to start buying stocks directly
There's a ZeroHedge article that says this would require Congress. Is that true?
- brenden2 7y agoIndeed, it would require congressional approval. That's likely the only reason it hasn't happened yet. FWIW, there is precedent for this. The Bank of Japan owns something like 70% of all stocks in Japan via ETFs.