3 ms·
FED money goes into banks and stocks. Cities do not get any of that FED QE money.
by rapsey 6y ago
FED money goes into banks and stocks. Cities do not get any of that FED QE money.
- arthurcolle 6y agoFed has been buying munis
- lbotos 6y agoI haven't been paying close attention and I'm wondering if you know: Are they buying newly issued munis or buying them on the open market?
- arthurcolle 6y agoIt's both. Here is some information on the Municipal Lending Facility: https://www.federalreserve.gov/monetarypolicy/muni.htm https://www.federalreserve.gov/monetarypolicy/muni.htm